NZDUSD analysis for 21.08.2017

NZD has been supported by some economic reports such as Quarterly Retail Sales and Core Retail Sales. The support rests in 0.73040 with resistance at 0.73280 which both lines are above the weekly pivot point at 0.72890. The EMA of 10 is moving with bullish bias along the ascendant channel but it is below the EMA of 200 and the EMA of 100. The RSI is moving horizontally on the 50 level, the MACD indicator is in neutral 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. The resistance level breakout will smooth the way for further growth towards 0.7350, otherwise pair will drop to 0.729. https://fxglory.com/nzdusd-analysis-for-21-08-2017/