NZDUSD is under the influence of Westpac consumer survey.
The support rests in 0.70240 with resistance at 0.70660 which both lines are above the weekly pivot point at 0.69860. The EMA of 10 is moving with bullish bias along the ascendant channel and it has crossed the EMA of 100; they are both below the EMA of 200. The RSI is falling towards the 50 level, the MACD indicator is in positive territory and the Stochastic is showing downward momentum. The ADX is showing buy signals. The price is above the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing an upward trend.
The support level breakthrough will smooth the way for further decline targeting 0.69.

nzdusd analysis