NZD/USD buying signals - Technical Analysis - Dukascopy Bank
Fri, 29 Jan 2021 08:12:06 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
35%
30%
14.2%
Shorts
65%
70%
-7.8%
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)
Sell
Buy
Buy
SAR(0.02;0.2)
Buy
Sell
Buy
Aggregate
⇒
⇒
⇗
The New Zealand Dollar surged by 85 basis points or 1.19% against the US Dollar on Thursday. The surge was stopped by a resistance cluster at 0.7188 during yesterday's trading session.
As for the near future, the exchange rate is likely to continue to edge higher. Bullish traders could break the upper line of a descending channel pattern during today's trading session.
However, if the channel pattern holds, a decline towards the weekly support level at 0.7107 could be expected during the following session.
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