NZD/USD trades below 0.7237 - Technical Analysis - Dukascopy Bank

Wed, 27 Jan 2021 08:14:21 GMT
Source: Dukascopy Bank SA
 
PositionsTodayYesterdayChange
Longs26%29%-10.0%
Shorts74%71%3.5%
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)SellSellNeutral
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)BuySellBuy
Aggregate

The NZD/USD currency pair bounced off a support cluster formed by the 200– hour simple moving average and the weekly pivot point at 0.7166 during Tuesday's trading session. As a result, the New Zealand Dollar surged by 78 pips or 1.09% against the US Dollar on Tuesday.

The exchange rate is currently trading below the weekly resistance level at 0.7237. Bullish traders are likely to move past the resistance line today. 

However, if the weekly R1 at 0.7237 holds, a decline towards the 0.7180 area could be expected within this session.


Back to feed
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.