NZDUSD is declining due to the US rate hike. The support rests in 0.71280 with resistance at 0.71850 which the weekly pivot point at 0.71470 is located in between the lines. The EMA of 10 is moving with bearish bias and it is located below the EMA of 100. The RSI is moving horizontally on the 50 level, the MACD indicator is in neutral territory heading down and the Stochastic is showing upward momentum. The pair is growing towards the resistance area targeting 0.7200.
NZDUSD analysis for 24.10.2016
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