NZD is under pressure due to the global demand of commodities.
The support rests at 0.68210 with resistance at 0.68530 which both lines are below the weekly pivot point at 0.69080. 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 moving horizontally below the 50 level, the MACD indicator is in negative territory and the Stochastic is moving in low ranges. 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 targeting 0.68.

nzdusd analysis