Reversing previous declines, the New Zealand Dollar concluded Friday at its highest level since October 14th. There was some profit-taking following three consecutive lower closing, but the largest factor was a drop in US consumer morale.
The support rests at 0.70370 with resistance at 0.70530. The Pivot Point is at 0.70420 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 under the level of 50, the MACD histogram is in positive territory with a buy signal. The Stochastic is moving in high ranges. The ADX is not showing a clear signal.
The price is below 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 0.70530, followed by resistance at 0.70580 and 0.70690.
• There is support at 0.70370 Below, there is 0.70260 and 0.70210.

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.