NZDUSD is massively under the influence of the risk appetite around the world.
The support rests at 0.70010 with resistance at 0.70470 which both lines are above the weekly pivot point at 0.69260. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving on the 50 level, the MACD line is below the signal line in the negative territory and the Stochastic is moving in low ranges. The ADX is showing weak sell signal. The price is in the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen is showing a downward trend while the Kijun-sen is showing an upward trend.
While considering pullbacks on the way, long positions are recommended towards 0.71.

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