NZD/USD remains near 0.6920 - Technical Analysis - Dukascopy Bank
Tue, 17 Nov 2020 10:04:08 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
26%
29%
-14.4%
Shorts
74%
71%
4.9%
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 surged by 49 basis points or 0.72% against the US Dollar on Monday. The currency pair tested the weekly resistance level at 0.6911 during yesterday's trading session.
Currently, the NZD/USD exchange rate is trading near the weekly R1 at the 0.6911 level.
If the resistance level holds, a decline towards the 50– and 100– hour SMAs at 0.6868 could be expected today.
However, if the currency exchange rate breaks the weekly resistance line, bullish traders would target the 0.6940 level within this session.
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