The downward direction of New Zealand Dollar is observable on the chart. The presence of seller is perceptible but as the main trend is up the presence of buyers can be expected.
The support rests at 0.72140 with resistance at 0.72340 which the Pivot Point at 0.72270 is located above the price line. The EMA of 10 is moving in bearish bias in descendant channel and it is above EMA of 200 and the EMA of 100. The RSI is moving in oversold area, the MACD histogram is in negative territory and is showing a sell signal. The Stochastic is moving in low ranges and the ADX is showing an upward momentum. The price is below the Ichimoku Cloud and the Chinkou Span is far way from the market price. The Tenkan-sen and the Kijun-sen are showing downward momentum.

• There is resistance at 0.72340, followed by resistance at 0.72470 and 0.72470.
• There is support at 0.72140 Below, there is 0.72070 and 0.71940.

Note: We do not suggest any investment advice, and these analyses are just to increase the traders’ awareness but not a certain instruction for trading.

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