NZD/USD two scenarios likely - Technical Analysis - Dukascopy Bank
Fri, 19 Feb 2021 08:08:55 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 surged by 42 pips or 0.58% against the US Dollar on Thursday. The surge was stopped by the 200– hour simple moving average during yesterday's trading session.
As for the near future, the exchange rate would continue to edge higher. Buyers could pressure the NZD/USD pair towards the 0.7260 level during the following trading session.
However, technical indicators suggest on the 4H time-frame chart that the currency exchange rate is likely to edge lower today.
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