NZDUSD is climbing both the ascendant channels, leaving higher highs and higher lows in a choppy pattern and will continue its bullish trend for now. The EMA of 10 is located above the EMA of 50 which shows the price growth in current days. The pair is finding support at 0.69130 with resistance at 0.69650 both are above the monthly pivot point at 0.68140. The MACD indicator is in positive territory showing the price growth and the RSI is above the 50 levels which confirms the same scenario along with the stochastic indicator signaling the same thing as well. Long positions are recommended targeting 0.6970
Technical analysis of NZDUSD dated 13.04.2016
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