NZD/USD pressured by 50– hour SMA - Technical Analysis - Dukascopy Bank
Thu, 11 Mar 2021 09:39:33 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
58%
56%
3.9%
Shorts
42%
44%
-5.4%
Indicator
4H
1D
1W
MACD(12;26;9)
Sell
Sell
Buy
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Sell
Neutral
Neutral
Alligator(13;8;5)
Neutral
Sell
Buy
SAR(0.02;0.2)
Buy
Sell
Sell
Aggregate
⇒
⇘
⇒
The New Zealand Dollar has edged higher by 100 pips or 1.40% against the US Dollar since yesterday's trading session. The currency pair breached the 200– hour simple moving average at 0.7205 during the Asian session on Thursday.
The exchange rate is likely to continue to surge in an ascending channel pattern during the following trading session. The potential target for buyers will be near the weekly R1 at 0.7277.
However, the NZD/USD currency exchange rate could reverse from a resistance line at 0.7240 within today's trading session.
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