The support rests in 0.72300 with resistance at 0.72900 which both lines are above the monthly pivot point at 0.70050. The EMA of 10 is moving with bullish bias and it is located above the EMA of 100 and the EMA of 200. The RSI is falling towards the 50 level, the MACD indicator is in positive territory and the Stochastic is showing downward momentum. The ADX is not showing any clear signals. The price is in the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
Long positions are recommended targeting 0.731 area.
https://fxglory.com/nzdusd-analysis-for-30-01-2017/
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