NZD/USD two scenarios likely - Technical Analysis - Dukascopy Bank
Thu, 01 Apr 2021 08:41:10 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
65%
67%
-3.8%
Shorts
35%
33%
7.0%
Indicator
4H
1D
1W
MACD(12;26;9)
Sell
Sell
Buy
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Neutral
Neutral
Buy
Alligator(13;8;5)
Sell
Sell
Buy
SAR(0.02;0.2)
Sell
Sell
Sell
Aggregate
⇘
⇘
⇗
The New Zealand Dollar surged by 53 pips or 0.76% against the US Dollar on Wednesday. The surge was stopped by the 200– hour simple moving average during yesterday's trading session.
Everything being equal, the exchange rate could edge lower during the following trading session. The potential target for the NZD/USD pair will be near the weekly S1 at 0.6900.
However, the currency exchange rate might reverse from the 0.6940 area and aim for the 0.6984 level today.
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