NZD/USD could continue to edge up - Technical Analysis - Dukascopy Bank

Wed, 25 Nov 2020 09:51:05 GMT
Source: Dukascopy Bank SA
 
PositionsTodayYesterdayChange
Longs26%26%-1.7%
Shorts74%74%0.6%
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralSellSell
Stochastic(5;3;3)NeutralNeutralSell
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)BuyBuyBuy
Aggregate

The New Zealand Dollar soared by 81 points or 1.17% against the US Dollar on Tuesday. The 50– hour simple moving average provided support for the currency pair during yesterday's trading session.

All things being equal, the exchange rate could continue to edge up during the following trading session. The possible target for bullish traders would be near the weekly R2 at 0.7014.

However, if the currency exchange rate breaks a support line formed by the 50– hour SMA at 0.6959, the next target for bears would be at the 0.6920 level.


Back to feed
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.