NZD/USD buying signals - Technical Analysis - Dukascopy Bank
Mon, 16 Nov 2020 09:27:43 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
29%
28%
3.6%
Shorts
71%
72%
-1.5%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Buy
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Sell
Neutral
Neutral
Alligator(13;8;5)
Buy
Buy
Buy
SAR(0.02;0.2)
Buy
Buy
Buy
Aggregate
⇗
⇗
⇗
The New Zealand Dollar has surged by 75 points or 1.10% against the US Dollar since Friday's trading session. The currency pair breached the 50– and 100– hour SMAs during the Asian session on Monday.
As for the near future, the exchange rate could continue to edge up. Bullish traders are likely to target the weekly resistance level at 0.6911 during the following trading session.
On the other hand, the currency change rate could reverse from the current price level at 0.6880 and target the 0.6820 area within this session.
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