NZD/USD bulls could prevail - Technical Analysis - Dukascopy Bank
Tue, 02 Feb 2021 08:46:54 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
35%
33%
5.2%
Shorts
65%
67%
-2.8%
Indicator
4H
1D
1W
MACD(12;26;9)
0
0
0
RSI(14)
4H
1D
1W
Stochastic(5;3;3)
Sell
Buy
Buy
Alligator(13;8;5)
Neutral
Neutral
Neutral
SAR(0.02;0.2)
Buy
Sell
Buy
Aggregate
⇒
⇒
⇗
The New Zealand Dollar declined by 47 pips or 0.66% against the US Dollar on Monday. The currency pair tested the lower boundary of an ascending channel pattern at 0.7155 during yesterday's trading session.
All things being equal, the NZD/USD exchange rate could edge higher within the following trading session. The potential target for bullish traders would be near the 0.7220 level.
However, the resistance line at 0.7200 might provide resistance for the currency exchange rate during the following trading session.
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