While New Zealand consumer inflation came lower than expected, the US Building Permits came better than expected.
The support rests at 0.73200 with resistance at 0.73640 which both lines are above the weekly pivot point at 0.73040. The EMA of 10 is moving with bearish bias but it is above the EMA of 100 and 200. The RSI is moving on the 50 level, the MACD indicator is in positive territory and the Stochastic is showing downward momentum. The ADX is showing weak sell signals. The price is in the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen is showing a downward trend while the Kijun-sen is showing a horizontal trend.
Short positions are recommended targeting 0.72990.

nzdusd analysis