NZDUSD analysis for 14.10.2016

NZDUSD is chiefly under the influence of oil price and the Chinese economic reports. The support rests in 0.70490 with resistance at 0.71660 which both lines are below the weekly pivot point at 0.71950. The EMA of 10 is moving with bullish bias and it is located below the EMA of 100. The RSI is moving horizontally in 50 level area, the MACD indicator is negative territory and the Stochastic is showing downward momentum. Sellers can target 0.7050 at the moment.

https://fxglory.com/nzdusd-analysis-for-14-10-2016/