NZD/USD two scenarios likely - Technical Analysis - Dukascopy Bank
Fri, 22 Jan 2021 08:10:48 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
29%
35%
-21.1%
Shorts
71%
65%
8.7%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Buy
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Neutral
Neutral
Neutral
Alligator(13;8;5)
Buy
Buy
Buy
SAR(0.02;0.2)
Buy
Sell
Buy
Aggregate
⇗
⇒
⇗
During the first half of Thursday's trading session, the New Zealand Dollar declined by 40 pips or 0.54% against the US Dollar. However, the currency pair rebounded at the end of the day.
Technical indicators suggest buying signals on the 4H time-frame chart. Most likely, bullish traders could pressure the exchange rate higher during the following trading session.
Though the upper line of a descending channel pattern could provide resistance for the NZD/USD currency exchange rate today.
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