NZD/USD tests 200– hour SMA - Technical Analysis - Dukascopy Bank
Wed, 17 Mar 2021 09:54:37 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
60%
56%
6.2%
Shorts
40%
44%
-9.2%
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)
Neutral
Sell
Buy
SAR(0.02;0.2)
Sell
Sell
Sell
Aggregate
⇘
⇘
⇒
The New Zealand Dollar surged by 30 pips or 0.42% against the US Dollar on Tuesday. The currency pair tested the upper boundary of a descending channel pattern at 0.7200 during yesterday's trading session.
Technical indicators suggest selling signals on the daily time-frame chart. Most likely, the NZD/USD exchange rate could edge lower during the following trading session.
However, given that the currency exchange rate is currently trading near the upper line of the channel pattern, a breakout could occur within this session.
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