NZD/USD breakout occurs - Technical Analysis - Dukascopy Bank
Fri, 12 Feb 2021 08:53:03 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
32%
32%
1.5%
Shorts
68%
68%
-0.7%
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 surged by 40 pips or 0.56% against the US Dollar on Thursday. The currency pair breached the weekly resistance level at 0.7237 during yesterday's trading session.
A breakout occurred through the lower boundary of an ascending channel pattern during the Asian session on Friday.
Given that a breakout had occurred, the exchange rate will most likely continue to decline today.
However, a support line at the 0.7180 could provide support for the currency exchange rate within this session.
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