NZDUSD analysis for 14.04.2017

There are no important economic reports for NZDUSD to influence this pair today. The support rests in 0.69770 with resistance at 0.70030 which both lines are above the weekly pivot point at 0.69600. The EMA of 10 is moving with bullish bias along the ascendant channel and it has reached the EMA of 100 but both are below the EMA of 200. The RSI is rising towards the overbought area, the MACD indicator is in positive territory and the Stochastic is moving towards low ranges. The ADX is not showing any clear signals. The price is above the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen is showing an upward trend while the Kijun-sen is showing a horizontal trend. Long positions are recommended targeting 0.71 area. https://fxglory.com/nzdusd-analysis-for-14-04-2017/