“¢ The pair stalled its corrective slide from over three-month tops and caught some aggressive bids on Tuesday, snapping three consecutive days of losing streak.
“¢ The downfall had been along a descending trend-channel, which against the backdrop of the recent upsurge constituted towards the formation of a bullish flag chart pattern.
“¢ Technical indicators on the 1-hourly chart have again started gaining positive momentum and a move beyond the channel resistance support prospects for the resumption of the bullish trend.
“¢ A follow-through momentum beyond 100-hour SMA will add credence to the constructive outlook and assist the pair to make a fresh attempt towards conquering the 0.6800 handle.
NZD/USD 1-hourly chart
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NZD/USD
Overview:
Last Price: 0.6748
Daily change: 30 pips
Daily change: 0.447%
Daily Open: 0.6718
Trends:
Daily SMA20: 0.6608
Daily SMA50: 0.6582
Daily SMA100: 0.6657
Daily SMA200: 0.6901
Levels:
Daily High: 0.6758
Daily Low: 0.6706
Weekly High: 0.682
Weekly Low: 0.6632
Monthly High: 0.663
Monthly Low: 0.6424
Daily Fibonacci 38.2%: 0.6726
Daily Fibonacci 61.8%: 0.6738
Daily Pivot Point S1: 0.6696
Daily Pivot Point S2: 0.6675
Daily Pivot Point S3: 0.6643
Daily Pivot Point R1: 0.6749
Daily Pivot Point R2: 0.678
Daily Pivot Point R3: 0.6801
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