Business NZ PMI has been released in New Zealand and the US will publish Michigan Consumer Sentiment Prel.
The support rests at 0.68330 with resistance at 0.68710 which both lines are above the weekly pivot point at 0.67920. The EMA of 10 is moving horizontally in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving above the 50 level, the MACD line is below the signal line in the negative territory and the Stochastic is showing upward momentum. The ADX is not showing any clear signals. The price is above 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.
The indicators are showing mixed signals. While considering pullbacks on the way, NZDUSD may grow towards 0.68800.
