NZD was supported by New Zealand’s AAA rating.
The support rests in 0.69540 with resistance at 0.69840 which both lines are below the weekly pivot point at 0.70140. The EMA of 10 is moving with bearish bias along the descendant channel and it is located below the EMA of 100 and above the EMA of 200. The RSI is falling towards the oversold area, the MACD indicator is in negative territory and the Stochastic is moving in middle ranges. The ADX is not showing any clear signals. The price is below the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
The pair will continue its bearish trend targeting 0.69.

nzdusd analysis