- NZDUSD analysis for 05.09.2016

NZDUSD is under the influence of Non-Farm payrolls report. The support rests in 0.72850 with resistance at 0.73610 which both lines are above the monthly pivot point 0.72380. The EMA of 10 is moving with bullish bias above the EMA of 100. The RSI is moving above the 50 level, close to the over-bought area, the MACD indicator is positive territory and the Stochastic is showing upward momentum. Long positions are recommended with the target at 0.7320.

https://fxglory.com/nzdusd-analysis-for-05-09-2016/