NZD/USD could edge lower - Technical Analysis - Dukascopy Bank
Thu, 19 Nov 2020 10:07:13 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
29%
26%
10.1%
Shorts
71%
74%
-4.0%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Buy
RSI(14)
Neutral
Sell
Sell
Stochastic(5;3;3)
Neutral
Sell
Sell
Alligator(13;8;5)
Buy
Buy
Buy
SAR(0.02;0.2)
Sell
Buy
Buy
Aggregate
⇒
⇒
⇒
The New Zealand Dollar surged by 62 pips or 0.90% against the US Dollar on Wednesday. The currency pair tested the 0.6940 level during yesterday's trading session.
As for the near future, bears are likely to pressure the exchange rate lower during the following trading session. The possible target for bearish traders would be near the 0.6865 level.
However, the 100– hour simple moving average at 0.6884 could provide support for the currency exchange rate in the short-term.
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