NZD/USD bearish momentum today - Technical Analysis - Dukascopy Bank
Tue, 23 Mar 2021 09:17:07 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
56%
51%
7.9%
Shorts
44%
49%
-9.9%
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 surged by 41 pips or 0.57% against the US Dollar on Monday. The surge was stopped by the 200– hour SMA at 0.7180 during yesterday's trading session.
Tuesday's session began with strong bearish momentum. The exchange rate will most likely continue to trend lower. Bearish traders might target the 0.7000 level today.
However, the weekly S2 at 0.7062 could provide support for the NZD/USD currency exchange rate in the shorter term.
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