NZD/USD breaks 0.7000 level - Technical Analysis - Dukascopy Bank
Wed, 24 Mar 2021 08:39:43 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
66%
56%
15.6%
Shorts
34%
44%
-29.9%
Indicator
4H
1D
1W
MACD(12;26;9)
Sell
Sell
Buy
RSI(14)
Buy
Buy
Neutral
Stochastic(5;3;3)
Buy
Buy
Neutral
Alligator(13;8;5)
Sell
Sell
Buy
SAR(0.02;0.2)
Sell
Sell
Sell
Aggregate
⇒
⇒
⇒
Downside risks pressured the New Zealand Dollar against the US Dollar on Tuesday. The NZD/USD currency pair fell by 142 pips or 1.99% during yesterday's trading session.
Everything being equal, the exchange rate could continue to edge lower during the following trading session. A breakout through the lower boundary of a descending channel pattern could occur today.
However, the currency exchange rate could make an upside reversal from a support level at 0.6972 within this session.
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