NZDUSD analysis for 20.09.2016

The oil price is supporting NZDUSD. The support rests in 0.72930 with resistance at 0.73410 which both lines are above the weekly pivot point 0.72870. The EMA of 10 is moving with bullish bias and has already reached the EMA of 100. The RSI is moving above the 50 level, the MACD indicator is neutral territory and the Stochastic is showing upward momentum. Long positions are recommended with the target at 0.7350.

https://fxglory.com/nzdusd-analysis-for-20-09-2016/