Wednesday, January 10, 2018

NZDUSD analysis for 10.01.2018

NZDUSD traders are watching U.S. economic news covering Import Prices and Final Wholesale Inventories. The support rests at 0.71450 with resistance at 0.72080 which both lines are above the weekly pivot point at 0.71360. 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 rising towards the overbought area, the MACD line is below the signal line in the negative territory and the Stochastic is showing upward momentum. The ADX is showing buy signal. The price is above the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend. Long positions are recommended towards 0.73.

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