NZD/USD could still edge higher - Technical Analysis - Dukascopy Bank
Fri, 18 Dec 2020 09:21:41 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
29%
29%
-2.0%
Shorts
71%
71%
0.8%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Buy
RSI(14)
Neutral
Sell
Sell
Stochastic(5;3;3)
Neutral
Sell
Sell
Alligator(13;8;5)
Buy
Buy
Buy
SAR(0.02;0.2)
Buy
Buy
Buy
Aggregate
⇗
⇒
⇒
The New Zealand Dollar surged by 67 points or 0.94% against the US Dollar on Thursday. The currency pair breached the weekly resistance level at 0.7129 during yesterday's trading session.
All things being equal, the exchange rate is likely to continue to trend bullish during the following trading session. The potential target for the NZD/USD pair would be at the 0.7200 level.
However, the weekly R2 at 0.7175 could still provide resistance for the currency exchange rate within this session.
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