NZD/USD breaks channel - Technical Analysis - Dukascopy Bank
Mon, 11 Jan 2021 09:31:22 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
29%
27%
6.8%
Shorts
71%
73%
-2.8%
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 has edged lower by 95 pips or 1.31% against the US Dollar since Friday's trading session. The currency pair breached the lower boundary of an ascending channel pattern on Friday.
Given that a breakout had occurred, the exchange rate could continue to decline during the following trading session. The possible target for bearish traders would be near the 0.7100 level.
However, the weekly support level at 0.7153 could provide support for the currency exchange rate within this session.
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