NZD/USD breaks 50– hour SMA - Technical Analysis - Dukascopy Bank
Fri, 26 Mar 2021 08:29:46 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
70%
69%
1.8%
Shorts
30%
31%
-4.2%
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 31 pips or 0.44% against the US Dollar on Thursday. The currency pair breached the 50– hour simple moving average at 0.6970 on Friday morning.
Given that the exchange rate has breached the 50– hour SMA, bullish traders might pressure the NZD/USD pair towards a resistance cluster at 0.7100 within this session.
However, a resistance level at the 0.7050 level could provide resistance for the currency exchange rate during the following trading session.
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