NZD has been empowered by the Retail Sales and Core Retail Sales reports.
The support rests at 73.880 with resistance at 74.240 which both lines are above the weekly pivot point at 73.020. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA of 200 and above the EMA of 100. The RSI is rising towards the overbought area, the MACD line is below the signal line in the negative territory and the Stochastic is showing upward momentum. The ADX is showing buy signal. The price is above the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing an upward trend.
Long positions are recommended towards 74.7.

nzdjpy