NZD/USD decline could continue - Technical Analysis - Dukascopy Bank
Thu, 25 Mar 2021 08:52:11 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
69%
66%
4.7%
Shorts
31%
34%
-10.5%
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
⇒
⇒
⇒
The New Zealand Dollar declined by 42 pips or 0.60% against the US Dollar on Wednesday. The currency pair breached the weekly support line at 0.6983 during Wednesday's session.
All things being equal, the exchange rate is likely to continue to edge lower during the following trading session. A breakout through the lower boundary of a descending channel pattern could occur.
However, the currency exchange rate might reverse from the current price level at 0.6974 and target the 0.7050 area today.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
For further information regarding potential cooperation, please call us or make callback request.
To learn more about Dukascopy Bank Binary Options
/ Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Business Introducer and other trading related information, please call us or make callback request.
For further information regarding potential cooperation, please call us or make callback request.