NZD/USD pressure by 50– hour SMA - Technical Analysis - Dukascopy Bank
Mon, 23 Nov 2020 09:22:40 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
28%
26%
8.1%
Shorts
72%
74%
-3.2%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Buy
RSI(14)
Neutral
Sell
Sell
Stochastic(5;3;3)
Neutral
Neutral
Sell
Alligator(13;8;5)
Buy
Buy
Buy
SAR(0.02;0.2)
Buy
Buy
Buy
Aggregate
⇗
⇗
⇒
The New Zealand Dollar edged higher by approximately 40 basis points or 0.69% against the US Dollar on Friday. The 50– hour simple moving average guided the currency pair during Friday's trading session.
Everything being equal, the exchange rate could continue to surge in an ascending channel pattern. The potential target for bulls would be near the weekly resistance level at 0.7014.
However, the weekly R1 at 0.6968 could provide a barrier for bullish traders during the following trading session.
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