NZD/USD breakout might occur - Technical Analysis - Dukascopy Bank
Fri, 12 Mar 2021 09:11:14 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
58%
58%
-0.8%
Shorts
42%
42%
1.1%
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 declined by 56 pips 0.78% against the US Dollar since yesterday's trading session. The currency pair breached the 50– and 200– hour SMAs on Friday morning.
The exchange rate is currently trading near the lower line of an ascending channel pattern at 0.7184.
If the channel pattern holds, bullish traders are likely to pressure the NZD/USD pair higher today.
However, if a breakout occurs, a decline towards the 0.7140 level could be expected today.
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