NZD/USD targets at 0.7400 - Technical Analysis - Dukascopy Bank
Wed, 03 Mar 2021 09:49:26 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
42%
44%
-3.4%
Shorts
58%
56%
2.5%
Indicator
4H
1D
1W
MACD(12;26;9)
Sell
Buy
Buy
RSI(14)
Neutral
Neutral
Sell
Stochastic(5;3;3)
Sell
Neutral
Sell
Alligator(13;8;5)
Sell
Buy
Buy
SAR(0.02;0.2)
Buy
Sell
Buy
Aggregate
⇘
⇒
⇒
The New Zealand Dollar surged by 92 pips or 1.28% against the US Dollar on Tuesday. The currency pair reversed from the lower boundary of an ascending channel pattern during yesterday's trading session.
Most likely, bullish traders could continue to pressure the exchange rate higher during the following trading session. The potential target for buyers would be near the weekly R1 at 0.7388.
However, the 200– hour simple moving average at 0.7316 could provide resistance for the currency exchange rate within this session.
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