NZDUSD analysis for 13.11.2017

There are no major economic reports in New Zealand but the US is publishing Monthly Budget Statement. The support rests at 0.69100 with resistance at 0.69480 which the weekly pivot point at 0.69270 is located in between the lines. The EMA of 10 is moving with bearish bias in the ascendant channel and it is below the EMA of 200 and above the EMA of 100. The RSI is moving on the 50 level, the MACD indicator is in neutral territory and the Stochastic is moving in low ranges. The ADX is showing sell 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. Short positions are recommended towards 0.6830. https://fxglory.com/nzdusd-analysis-for-13-11-2017/