NZD/USD remains near 0.7014 - Technical Analysis - Dukascopy Bank
Thu, 26 Nov 2020 10:16:15 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
30%
26%
13.2%
Shorts
70%
74%
-5.6%
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 surged by 32 basis points or 0.75% against the US Dollar on Wednesday. The currency pair tested the weekly R2 at 0.7014 during yesterday's trading session.
If the weekly resistance level at 0.7014 holds, bearish traders could pressure the exchange rate lower within this session. The potential target for the NZD/USD pair would be at the 0.6962.
However, if the currency exchange rate breaks the resistance line, a surge towards the 0.7040 area could be expected today.
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