NZD/USD bulls likely to prevail - Technical Analysis - Dukascopy Bank
Mon, 14 Dec 2020 09:27:00 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
27%
27%
1.4%
Shorts
73%
73%
-0.5%
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 declined by 28 pips or 0.40% against the US Dollar on Friday. The currency pair tested the 50– hour simple moving average during Friday's trading session.
Most likely, the exchange rate could edge higher during the following trading session. The potential target for bullish traders would be near the weekly resistance level at 0.7129.
However, Friday's resistance line at 0.7109 could provide a barrier for the currency exchange rate in the short-term.
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.