NZDUSD analysis for 11.04.2017

NZDUSD is moving with bearish bias creating lower highs and lower lows. The support rests in 0.69350 with resistance at 0.69670 which the weekly pivot point at 0.69600 is located in between the lines. The EMA of 10 is moving with bearish bias along the descendant channel and it is below the EMA of 100 and the EMA of 200. The RSI is falling below the 50 level, the MACD indicator is in negative 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. 0.6850 is the most probable scenario; however, the resistance level breakout will make the pair grow to 0.70. https://fxglory.com/nzdusd-analysis-for-11-04-2017/