NZDUSD analysis for 28.09.2016

NZDUSD had a sharp decline today. The support rests in 0.72410 with resistance at 0.73100 which the weekly pivot point at 0.72600 is located in between the lines. The EMA of 10 is moving with bearish bias and it is located below the EMA of 100. The RSI is moving below the 50 level, the MACD indicator is neutral territory and the Stochastic is showing downward momentum. The chart seems bearish at the moment, the next target will be 0.7220.

https://fxglory.com/nzdusd-analysis-for-28-09-2016/