NZD/USD could edge up - Technical Analysis - Dukascopy Bank
Fri, 08 Jan 2021 09:47:48 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
27%
27%
1.2%
Shorts
73%
73%
-0.4%
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 declined by 72 basis points or 0.99% against the US Dollar on Thursday. The decline was stopped by the 100– hour simple moving average at 0.7241.
As for the near future, the currency pair could trend higher. Bulls might drive the exchange rate towards the weekly resistance level at 0.7326 within the following trading session.
However, the 50– hour simple moving average at 0.7271 could provide resistance for the currency exchange rate within this session.
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