NZD/USD likely to make pullback - Technical Analysis - Dukascopy Bank
Thu, 18 Mar 2021 09:33:04 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
55%
60%
-8.8%
Shorts
45%
40%
10.8%
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
⇘
⇘
⇒
Upside risks dominated the New Zealand Dollar against the US Dollar on Wednesday. The currency pair edged higher by 107 pips or 1.50% during Wednesday's trading session.
The NZD/USD exchange rate is likely to make a brief retracement towards the 50– hour simple moving average at the 0.7200 level during the following trading session.
However, a support level at 0.7240 could provide support for the currency exchange rate within this session.
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