AUD/NZD 4H: Breakout occurs - Trade Pattern Ideas - Dukascopy Bank

Mon, 01 Jun 2020 06:06:58 GMT
Source: Dukascopy Bank SA
 
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)SellNeutralNeutral
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)BuySellBuy
Aggregate

The Australian Dollar has declined by 1.44% against the New Zealand Dollar during the past two weeks. However, a breakout occurred through the upper boundary of a descending channel pattern at 1.0720 on May 29.

Given that a breakout had occurred, buyers could continue to pressure the exchange rate higher within this week's trading sessions. The potential target would be at the 1.0900 mark.

Although, the weekly resistance level at 1.0806 could provide resistance for the currency exchange rate in the shorter term.


Back to feed
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.