New Zealand is not publishing any economic reports but the US is releasing Core Inflation Rate YoY and Initial Jobless Claims.
The support rests in 0.72200 with resistance at 0.72440 which the weekly pivot point at 0.72890 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 200 and above the EMA of 100. The RSI is moving horizontally on the 50 level, the MACD indicator is in neutral territory and the Stochastic is moving in low ranges. 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.
Short positions are recommended towards 0.719.

nzdusd analysis