New Zealand will release Food Inflation YoY and the US will publish Monthly Budget Statement.
The support rests at 0.73010 with resistance at 0.73270 which both lines are above the weekly pivot point at 0.72640. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is moving above the 50 level, the MACD line is above the signal line in the positive territory and the Stochastic is showing upward momentum. The ADX is showing weak buy signal. The price is above the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing an upward trend.
There might be pullbacks today however, NZDUSD will continue its bullish trend towards 0.738.

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