NZDUSD analysis for 30.08.2017

There are no major economic reports in New Zealand however the US is publishing GDP Growth Rate QoQ 2nd Est, ADP Employment Change and Fed Powell Speech. The support rests at 0.72090 with resistance at 0.72830 which the weekly pivot point at 0.72560 is located in between the lines. The EMA of 10 is moving with bullish bias along the ascendant channel but it is below the EMA of 100 and 200. The RSI is moving on the 50 level, the MACD indicator is in neutral territory and the Stochastic is showing downward momentum. The ADX is not showing any clear 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. Regardless of the downward momentum, NZDUSD will continue its bullish trend towards 0.733. https://fxglory.com/nzdusd-analysis-for-30-08-2017/