NZDUSD analysis for 18.12.2017

New Zealand has published ANZ Roy Morgan Consumer Confidence and the US will release NAHB Housing Market Index. The support rests at 0.69840 with resistance at 0.70350 which both lines are above the weekly pivot point at 0.69480. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is falling towards the oversold area, the MACD line is below the signal line in the negative territory and the Stochastic is moving in middle. The ADX is showing buy signal. The price is above the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing an upward trend. Long positions are recommended towards 0.73. https://fxglory.com/nzdusd-analysis-for-18-12-2017/