NZDUSD will be volatile due to the Federal Reserve Meeting Minutes today.
The support rests at 0.72670 with resistance at 0.72970 which both lines are below the weekly pivot point at 0.73090. The EMA of 10 is moving with bearish bias but it is above the EMA of 100 and 200. The RSI is rising towards the 50 level, the MACD indicator is in negative territory and the Stochastic is showing downward momentum. The ADX is showing sell signals. The price is in the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen is showing a downward trend while the Kijun-sen is showing a horizontal trend.
Regardless of the price decline signals presented by the indicators, 0.726 level seems to be too strong to be broken therefore, the pair will continue its growth in long term trading targeting 0.73.

nzdusd analysis

nzdusd