NZD/USD likely to edge higher - Technical Analysis - Dukascopy Bank
Mon, 28 Dec 2020 09:42:24 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
32%
36%
-13.1%
Shorts
68%
64%
6.2%
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)
Buy
Buy
Buy
SAR(0.02;0.2)
Buy
Sell
Buy
Aggregate
⇗
⇒
⇒
The New Zealand Dollar is currently trading in a narrow ascending channel pattern against the US Dollar. The currency pair has surged by 57 points or 0.81% since December 24.
All things being equal, the exchange rate could continue to edge higher during the following trading session. A breakout through the upper boundary of an ascending channel pattern could occur.
However, if the channel pattern holds, a decline towards the 50– and 200– hour SMAs at 0.7103 could be expected within this session.
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