NZD/USD bulls likely to prevail - Technical Analysis - Dukascopy Bank
Mon, 15 Feb 2021 08:31:36 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
34%
32%
3.5%
Shorts
66%
68%
-1.8%
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)
Neutral
Buy
Buy
SAR(0.02;0.2)
Buy
Buy
Buy
Aggregate
⇗
⇗
⇗
The New Zealand Dollar surged by 48 pips or 0.66% against the US Dollar on Friday. The currency pair breached the 50– and 200– hour SMAs during Friday's trading session.
All things being equal, the exchange rate could continue to edge higher during the following trading session. The potential target for bullish traders would be near the 0.7280 level.
However, the weekly R1 at 0.7253 could provide resistance for the currency exchange rate within this session.
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