NZDUSD analysis for 17.01.2017

Today NZDUSD is only under the influence of the US Empire Manufacturing. The support rests in 0.71140 with resistance at 0.71770 which both lines are above the weekly pivot point at 0.70720. The EMA of 10 is moving with bullish bias and it is located above the EMA of 100 and the EMA of 200. The RSI is moving in overbought area, the MACD indicator is in positive territory and the Stochastic is showing upward momentum. The ADX is showing a buy signal. The price is above the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing upward trend. There might be some short term growth however the pullbacks will start soon targeting 0.705 area.


https://fxglory.com/nzdusd-analysis-for-17-01-2017/