NZDUSD is moving in low levels due to the trade wars going around and the divergence in monetary policy and weak domestic data.
The support rests at 0.68000 with resistance at 0.68400 which both lines are below the weekly pivot point at 0.68970. 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 moving in 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 the Chinkou Span. The Tenkan-sen is showing a downward trend while the Kijun-sen is showing a horizontal trend.
Short positions are recommended towards 0.678.

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