NZD/USD could bounce off support - Technical Analysis - Dukascopy Bank
Fri, 26 Feb 2021 08:51:48 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
26%
26%
-0.9%
Shorts
74%
74%
0.3%
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Buy
RSI(14)
Neutral
Neutral
Sell
Stochastic(5;3;3)
Buy
Neutral
Sell
Alligator(13;8;5)
Buy
Buy
Buy
SAR(0.02;0.2)
Sell
Buy
Buy
Aggregate
⇗
⇗
⇒
The New Zealand Dollar has declined by 122 pips or 1.64% against the US Dollar since yesterday's trading session The currency pair tested the lower line of an ascending channel pattern at 0.7353 on Friday morning.
If the lower boundary of the ascending channel holds, bullish traders could pressure the NZD/USD exchange rate higher towards the 0.7500 level during the following trading session.
However, if the currency exchange rate breaks the channel pattern, a decline towards the weekly pivot point at 0.7254 could be expected today.
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