NZDUSD analysis for 02.02.2017

NZDUSD is under the influence of BNZ data and Unemployment Rate. The support rests in 0.72800 with resistance at 0.73160 which both lines are above the weekly pivot point at 0.72420. 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 moving above the 50 level, the MACD indicator is in positive territory and the Stochastic is showing upward momentum. The ADX is not showing any clear signals. The resistance level breakout will smooth the way for further growth targeting 0.7350 area. https://fxglory.com/nzdusd-analysis-for-02-02-2017/