NZDUSD analysis for 22.11.2017

New Zealand has published Visitor Arrivals YoY and the US will release Durable Goods Orders MoM, Initial Jobless Claims and FOMC Minutes. The support rests in 0.68100 with resistance at 0.68520 which the weekly pivot point at 0.68430 is located in between the lines. The EMA of 10 is moving with bullish bias in the descendant channel but it is below the EMA of 200 and the EMA of 100. The RSI is moving on the 50 level, the MACD indicator is in negative territory and the Stochastic is showing downward momentum. The ADX is showing buy signals. The price is in the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend. The indicators are showing mixed signals. The resistance level breakout will push the pair up towards 0.69; otherwise, it will continue its bearish trend targeting 0.65. https://fxglory.com/nzdusd-analysis-for-22-11-2017/