NZD/USD likely to edge higher - Technical Analysis - Dukascopy Bank
Mon, 29 Mar 2021 07:15:11 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
66%
70%
-6.1%
Shorts
34%
30%
11.9%
Indicator
4H
1D
1W
MACD(12;26;9)
Sell
Sell
Buy
RSI(14)
Neutral
Buy
Neutral
Stochastic(5;3;3)
Neutral
Neutral
Buy
Alligator(13;8;5)
Sell
Sell
Buy
SAR(0.02;0.2)
Buy
Sell
Sell
Aggregate
⇒
⇘
⇗
The New Zealand Dollar surged 35 pips or 0.50% against the US Dollar on Friday. The currency pair breached the 50– hour simple moving average during Friday's trading session.
As for the near future, the exchange rate is likely to continue to edge higher. Buyers could target a resistance level formed by the 200– hour SMA at 0.7085 within this session.
However, the weekly pivot point at 0.7040 could provide resistance for the currency exchange rate in the shorter term.
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