NZD/USD breakout could occur - Technical Analysis - Dukascopy Bank
Mon, 22 Feb 2021 09:30:23 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
29%
35%
-19.1%
Shorts
71%
65%
7.8%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Buy
RSI(14)
Sell
Neutral
Sell
Stochastic(5;3;3)
Sell
Neutral
Neutral
Alligator(13;8;5)
Buy
Buy
Buy
SAR(0.02;0.2)
Buy
Buy
Buy
Aggregate
⇒
⇗
⇗
Upside risks pressured the New Zealand Dollar higher against the US Dollar on Friday. The NZD/USD currency pair surged by 108 pips or 1.50% during Friday's trading session.
Everything being equal, the exchange rate could continue to trend up during the following trading session. A breakout through the upper boundary of an ascending channel pattern could occur.
However, the currency exchange rate might make a brief pullback towards the weekly pivot point at 0.7254 within this session.
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