NZD/USD targets at 0.7040 - Technical Analysis - Dukascopy Bank
Tue, 15 Dec 2020 09:39:37 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 43 points or 0.61% against the US Dollar on Monday. The currency pair breached the 50– hour simple moving average during yesterday's trading session.
All things being equal, the exchange rate could continue to decline during the following trading session. Bearish traders might target the lower boundary of an ascending channel pattern at 0.7040 today.
However, a support cluster formed by the 200– hour SMA and the weekly pivot point near the 0.7060 area could provide support for the currency exchange rate within this session.
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