NZD/USD bounces off support - Technical Analysis - Dukascopy Bank
Thu, 11 Feb 2021 09:46:17 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
32%
32%
0.0%
Shorts
68%
68%
0.0%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Buy
RSI(14)
Neutral
Neutral
Sell
Stochastic(5;3;3)
Neutral
Neutral
Neutral
Alligator(13;8;5)
Buy
Buy
Buy
SAR(0.02;0.2)
Sell
Buy
Buy
Aggregate
⇒
⇗
⇗
The New Zealand Dollar declined by 38 pips or 0.52% against the US Dollar on Wednesday. The currency pair tested the lower line of an ascending channel pattern during yesterday's trading session.
Given that the exchange rate has bounced off the lower line of an ascending channel pattern, bullish traders could drive the NZD/USD pair higher during the following trading session.
However, the weekly R1 at 0.7237 could provide resistance for the currency exchange rate today.
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