NZD/USD bulls likely to prevail - Technical Analysis - Dukascopy Bank
Tue, 22 Dec 2020 09:09:08 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
36%
25%
30.9%
Shorts
64%
75%
-17.7%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Buy
RSI(14)
Neutral
Neutral
Sell
Stochastic(5;3;3)
Neutral
Neutral
Sell
Alligator(13;8;5)
Neutral
Buy
Buy
SAR(0.02;0.2)
Sell
Buy
Buy
Aggregate
⇒
⇗
⇒
The New Zealand Dollar edged higher by 98 pips or 1.40% against the US Dollar on Monday. The surge was stopped by the 50– and 100– hour SMAs at 0.7100 during yesterday's trading session.
As for the near future, the exchange rate could continue to trend bullish during the following trading session. The potential target for bulls would be near the 0.7140 level.
However, the 50-, 100– and 200– hour SMAs could still provide resistance for the currency exchange rate within this session.
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