Last week NZD had been supported by GDT Price data and Manufacturing Sales.
The support rests at 0.71670 with resistance at 0.72190 which the weekly pivot point at 0.71820 is located in between the lines. The EMA of 10 is moving with bullish bias along the ascendant channel and it is above the EMA of 100 and 200. The RSI is falling towards the 50 level, the MACD indicator is in positive territory and the Stochastic is showing downward momentum. The ADX is showing sell signals. 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 a horizontal trend. While considering the short term pullbacks, the pair seems to be growing up in long term trading targeting 0.73.

nzdusd analysis

nzdusd