NZDUSD is massively sensitive to commodity markets. Since 30th of May this pair has been moving with bullish bias. The support lies at 0.67910 with resistance at 0.68450 which both lines are above the weekly pivot point at 0.6713. The EMA of 10 is rallying up and has already crossed the EMA of 75. The RSI is above the neutral zone and the MACD indicator is in positive territory but the Stochastic is showing a downward trend. The support level breakthrough will push the price down within Andrews’ pitchfork targeting 0.6674 and looking from the upside view, the resistance level breakout will pave the way for further growth to 0.69.
NZDUSD analysis for 02.06.2016
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