While the US is being empowered due to the UK referendum the NZDUSD is moving with bullish bias. NZDUSD has been rising since yesterday and it seems that it is going to return to the neutral area. The support lies at 0.69980 with resistance at 0.71030 which both lines are below the weekly pivot point at 0.71260. The EMA of 10 is crossing the EMA of 75 below the pivot point. The RSI is getting close to the 50 level, the Stochastic is showing upward momentum and the MACD indicator is still in negative territory showing the price fall. In terms of the price fall, sellers can target 0.6950 otherwise it will grow to resistance area.
NZDUSD analysis for 28.06.2016
Comments are closed.