NZDUSD analysis for 06.08.2020
New Zealand released Expected Annual Inflation 2y from now and the US will publish Unemployment Claims, Continuing Claims and EIA Natural Gas Storage Change.
The support rests at 0.66190 with resistance at 0.66740 which the weekly pivot point at 0.66550 is located in between the lines. The EMA of 10 is moving with bullish bias in the ascendant channel and it is located above the EMA of 200 and the EMA of 100. The RSI is moving on level 50, the MACD line is above the signal line in the positive 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 is showing an upward trend while the Kijun-sen is showing a horizontal trend.
Long positions are recommended towards 0.66850.