NZD/USD remains near 0.7140 - Technical Analysis - Dukascopy Bank
Tue, 19 Jan 2021 07:47:46 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
31%
32%
-2.0%
Shorts
69%
68%
0.9%
Indicator
4H
1D
1W
MACD(12;26;9)
Sell
Buy
Buy
RSI(14)
Neutral
Neutral
Sell
Stochastic(5;3;3)
Buy
Neutral
Neutral
Alligator(13;8;5)
Sell
Neutral
Buy
SAR(0.02;0.2)
Sell
Sell
Buy
Aggregate
⇘
⇒
⇗
The New Zealand Dollar declined by 43 pips or 0.60% against the US Dollar on Monday. The NZD/USD currency pair tested the 0.7100 level during yesterday's trading session.
Currently, the exchange rate is testing a resistance line formed by the 50– hour simple moving average at 0.7140.
If the resistance level holds, the currency exchange rate is likely to continue to edge lower today.
However, if the pair breaks the 50– hour SMA, a surge towards the 0.7194 area could be expected within this session.
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