NZD was supported because of the positive economic reports such as Current Account and Gross Domestic Product. The support rests in 0.68530 with resistance at 0.68950 which both lines are below the weekly pivot point at 0.70400. The EMA of 10 is moving with bearish bias and it is located below the EMA of 100 and the EMA of 200. The RSI is rising towards the 50 level, the MACD indicator is in negative territory and the Stochastic is showing upward momentum. The ADX is showing a weak buy signal. Long positions are recommended targeting 0.70 area.
NZDUSD analysis for 27.12.2016
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