NZD/USD bulls could prevail - Technical Analysis - Dukascopy Bank
Tue, 23 Feb 2021 08:08:13 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
29%
29%
0.9%
Shorts
71%
71%
-0.4%
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
⇒
⇗
⇗
The New Zealand Dollar surged by 55 pips or 0.75% against the US Dollar on Monday. The NZD/USD currency pair tested the 0.7340 level during yesterday's trading session.
As for the near future, the exchange rate could continue to trend higher in an ascending channel pattern. The potential target for buyers will be near the 0.73800 level.
However, the weekly R1 at 0.7350 could provide resistance for the currency exchange rate within this session.
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