There are no major economic reports in New Zealand but the US is publishing Initial Jobless Claims and Fed Mester Speech.
The support rests at 0.71690 with resistance at 0.72120 which the weekly pivot point at 0.71940 is located in between the lines. The EMA of 10 is moving with bearish bias along the descendant channel and it is below the EMA of 100 and 200. The RSI is falling towards the oversold area, the MACD indicator is in neutral territory and the Stochastic is showing upward momentum. The ADX is not showing any clear signals. The price is below the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen is showing a downward trend while the Kijun-sen is showing a horizontal trend.
Short positions are recommended towards 0.7150.

nzdusd analysis