NZD/USD decline likely to continue - Technical Analysis - Dukascopy Bank
Fri, 19 Mar 2021 08:40:53 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
54%
55%
-1.2%
Shorts
46%
45%
1.4%
Indicator
4H
1D
1W
MACD(12;26;9)
Sell
Sell
Buy
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Buy
Neutral
Neutral
Alligator(13;8;5)
Sell
Sell
Buy
SAR(0.02;0.2)
Sell
Buy
Sell
Aggregate
⇘
⇒
⇒
The New Zealand Dollar plunged by 103 pips or 1.42% against the US Dollar on Thursday. The currency pair breached the 50– and 200– hour SMAs during yesterday's trading session.
All things being equal, the exchange rate could continue to edge lower during the following trading session. The potential target for bearish traders will be near the weekly S1 at 0.7102.
However, the weekly pivot point at 0.7171 could provide support for the NZD/USD currency exchange rate in this session.
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