NZD/USD pressured by 50– hour SMA - Technical Analysis - Dukascopy Bank
Tue, 09 Mar 2021 08:50:51 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
55%
50%
9.8%
Shorts
45%
50%
-12.0%
Indicator
4H
1D
1W
MACD(12;26;9)
Sell
Sell
Buy
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Neutral
Neutral
Neutral
Alligator(13;8;5)
Sell
Sell
Buy
SAR(0.02;0.2)
Sell
Sell
Buy
Aggregate
⇘
⇘
⇗
The New Zealand Dollar declined by 72 pips or 1.01% against the US Dollar on Monday. The currency pair reversed from a resistance cluster at 0.7188 during yesterday's trading session.
As for the near future, the exchange rate could continue to trend lower in a descending channel pattern. Bearish traders might target the 0.7050 area within this session.
However, the currency exchange rate might reverse from the current price level at 0.7124 and target the 0.7250 mark today.
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