NZD/USD breakout occurs - Technical Analysis - Dukascopy Bank
Thu, 18 Feb 2021 09:33:09 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
35%
39%
-12.6%
Shorts
65%
61%
6.8%
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)
Sell
Buy
Buy
Aggregate
⇘
⇗
⇗
The New Zealand Dollar declined by 47 pips or 0.66% against the US Dollar on Wednesday. The currency pair tested the 0.7160 level during yesterday's trading session.
A breakout occurred through the upper line of a descending channel pattern during the London session on Thursday.
Given that a breakout has occurred, the exchange rate could continue to edge higher during the following trading session.
However, a resistance cluster at 0.7214 could provide resistance for the currency exchange rate in the shorter term.
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