New Zealand has published Services NZ PSI but the US market is off today.
The support rests at 0.73690 with resistance at 0.74170 which both lines are above the weekly pivot point at 0.73520. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is falling towards the 50 level, the MACD line is below the signal line in the negative territory and the Stochastic is moving in low ranges. The ADX is showing weak buy signal. The price is above the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
The resistance area seems to be too strong to be broken, therefore short positions are recommended towards 0.725.

nzdusd

nzdusd