NZD/USD two scenarios likely - Technical Analysis - Dukascopy Bank
Fri, 05 Mar 2021 09:13:27 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
51%
47%
8.1%
Shorts
49%
53%
-8.5%
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
⇘
⇒
⇒
During Thursday's trading session, the New Zealand Dollar declined by 96 pips or 1.32% against the US Dollar. The currency pair tested the weekly S1 at 0.7147 on Friday morning.
As for Friday's trading session, the NZD/USD exchange rate is likely to continue to edge lower during the following hours. Sellers might target the weekly support level at 0.7063.
However, the weekly S1 at 0.7147 could provide support for the currency exchange rate during the following trading session.
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