NZDUSD analysis for 03.10.2016

Today NZDUSD fell but grew again to 0.727 area. The support rests in 0.72390 with resistance at 0.72840 which both lines are below the monthly pivot point at 0.73310. The EMA of 10 is moving with bearish bias and it is located below the EMA of 100. The RSI is moving on the 50 level, the MACD indicator is negative territory and the Stochastic is showing downward momentum. It seems that the 0.728 area is a strong resistance zone, the pair will fall back towards 0.725.

https://fxglory.com/nzdusd-analysis-for-03-10-2016/