NZD/USD target at 0.7280 - Technical Analysis - Dukascopy Bank
Mon, 04 Jan 2021 09:01:34 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
25%
26%
-4.7%
Shorts
75%
74%
1.6%
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)
Sell
Buy
Buy
Aggregate
⇒
⇗
⇒
The New Zealand Dollar has declined by 59 points or 0.81% against the US Dollar since December 31. The currency pair breached the 50– hour simple moving average last week.
By and large, the NZD/USD exchange rate could continue to edge higher in an ascending channel pattern during the following trading session. The potential target for bullish traders would be at 0.7280.
However, the weekly resistance level at 0.7254 could provide a barrier for bullish traders within this session.
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