NZD/USD could still edge up - Technical Analysis - Dukascopy Bank
Fri, 15 Jan 2021 09:23:22 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
33%
31%
7.2%
Shorts
67%
69%
-3.5%
Indicator
4H
1D
1W
MACD(12;26;9)
Sell
Buy
Buy
RSI(14)
Neutral
Neutral
Sell
Stochastic(5;3;3)
Neutral
Neutral
Neutral
Alligator(13;8;5)
Neutral
Buy
Buy
SAR(0.02;0.2)
Buy
Buy
Buy
Aggregate
⇒
⇗
⇗
The New Zealand Dollar surged by 57 points or 0.79% against the US Dollar on Thursday. The currency pair breached the weekly pivot point at 0.7234 during yesterday's trading session.
Technical indicators suggest buying signals on the daily time-frame chart. Most likely, bullish traders are likely to continue to pressure the exchange rate higher within this session.
However, the 200– hour simple moving average could drive the currency exchange rate lower during the following trading session.
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