NZDUSD is under the influence of Account data and the Fed rate hike.
The support rests in 0.69720 with resistance at 0.70450 which both lines are above the weekly pivot point at 0.69520. The EMA of 10 is moving with bullish bias but it is below the EMA of 200 and the EMA of 100. The RSI is rising towards the overbought area, the MACD indicator is in neutral territory and the Stochastic is showing downward momentum. The ADX is showing buy signals. The price is in the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
Short positions are recommended targeting 0.6950 however the resistance level breakout will smooth the way for further growth towards 0.7050.

nzdusd analysis