NZD/USD targets at 0.7040 - Technical Analysis - Dukascopy Bank
Wed, 31 Mar 2021 08:29:06 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
67%
66%
2.3%
Shorts
33%
34%
-4.7%
Indicator
4H
1D
1W
MACD(12;26;9)
Sell
Sell
Buy
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Buy
Neutral
Buy
Alligator(13;8;5)
Sell
Sell
Buy
SAR(0.02;0.2)
Sell
Sell
Sell
Aggregate
⇘
⇘
⇗
The New Zealand Dollar declined by 52 pips or 0.74% against the US Dollar on Tuesday. The currency pair breached the 50– hour simple moving average during yesterday's trading session.
As for the near future, the exchange rate could continue to decline. Bearish traders are likely to target the weekly support level at 0.6897 within the following trading session.
However, the currency exchange rate could reverse from the current price level at 0.6972 and target the weekly pivot point at 0.7040 today.
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