NZDUSD analysis for 03.10.2019
ANZ Commodity Prices data has been published in New Zealand and the US will release ISM Non-Manf. and Unemployment Claims.
The support rests at 0.62630 with resistance at 0.63250 the weekly pivot point at 0.63010 is located in between the lines. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is moving on 50 level, the MACD line is above the signal line in the positive territory and the Stochastic is moving in high ranges. The ADX is showing buy signal. The price is above the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen is showing an upward trend while the Kijun-sen is showing a horizontal trend.
Long positions are recommended towards 0.63330.