NZDUSD Analysis: Improving New Zealand business sentiment bullish for NZDUSD

May 29, 2020

By IFCMarkets

Improving New Zealand business sentiment bullish for NZDUSD

New Zealand business confidence improved in a May: it rose to -41.8 points after edging up to -45.6 in April. Readings above 0.0 indicate optimism, below indicate pessimism. This is bullish for NZDUSD.

IndicatorVALUESignal
RSINeutral
MACDBuy
Donchian ChannelBuy
MA(200)Buy
FractalsBuy
Parabolic SARBuy

 

Summary of technical analysis

OrderBuy
Buy stopAbove 0.6226
Stop lossBelow 0.6188

Market Analysis provided by IFCMarkets