NZD/USD bears could prevail - Technical Analysis - Dukascopy Bank
Mon, 22 Mar 2021 09:12:18 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
51%
54%
-6.3%
Shorts
49%
46%
6.6%
Indicator
4H
1D
1W
MACD(12;26;9)
Sell
Sell
Buy
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Neutral
Buy
Neutral
Alligator(13;8;5)
Sell
Sell
Buy
SAR(0.02;0.2)
Sell
Buy
Sell
Aggregate
⇘
⇒
⇒
The New Zealand Dollar declined by 41 pips or 0.58% against the US Dollar on Friday. The currency pair was pressured lower by the 200– hour simple moving average during Friday's trading session.
Technical indicators suggest selling signals on the 4H time-frame chart. Most likely, the NZD/USD exchange rate could continue to edge lower during the following trading session.
However, the currency exchange rate might make a brief retracement towards a resistance cluster at 0.7189 today.
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