New Zealand has published Import and Export reports and the Balance of Trade and the US will release Durable Goods Orders MoM.
The support rests at 0.72580 with resistance at 0.73140 which both lines are below the weekly pivot point at 0.73230. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is falling towards the oversold area, the MACD line is below the signal line in the negative territory and the Stochastic is moving in low ranges. The ADX is showing sell signal. The price is below 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 towards 0.71.

nzdusd

nzdusd