NZD/USD could continue to rise - Technical Analysis - Dukascopy Bank
Fri, 20 Nov 2020 08:18:26 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
26%
29%
-9.9%
Shorts
74%
71%
3.5%
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 47 points or 0.69% against the US Dollar on Thursday. The 100– hour simple moving average provided support for the currency pair during Thursday's trading session.
Most likely, the exchange rate could continue to climb during the following trading session. The possible target for bullish traders would be near the weekly resistance level at 0.6978.
On the other hand, if the currency exchange rate breaks a support cluster at the 0.6911 area, sellers could target the 200– hour SMA at 0.6876 today.
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