The New Zealand Dollar is rising early on Thursday as the U.S. Dollar is being dragged down by a modest weakening of Treasury rates.
The support rests at 0.70430 with resistance at 0.70630. The Pivot Point is at 0.70490 which the price is moving above it. The EMA of 10 is moving in bullish bias in the ascendant channel and it crossed the EMA of 200 and the EMA of 100. The RSI is moving at the level of 70, the MACD histogram is in positive territory with a buy signal. The Stochastic is moving in high ranges. The ADX is showing an upward momentum.
The price is above the Ichimoku Cloud and the Chinkou Span is far away from the market price. The Tenkan-sen and the Kijun-sen are both showing an upward momentum.

• There is resistance at 0.70630, followed by resistance at 0.70690 and 0.70830.
• There is support at 0.70430 Below, there is 0.70290 and 0.70230.

Note: We do not suggest any investment advice, and these analyses are just to increase the traders’ awareness but not a certain instruction for trading.

nzd-analysis