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   “¢   The pair struggled to gain traction beyond a short-term descending trend-line resistance, held over the past one week or, and failed ahead of 200-hour SMA.

   “¢   Bullish technical indicators on hourly/daily charts support prospects for an eventually bullish breakout and hence, corrective dips are likely to be short-lived.

   “¢   Traders, however, are likely to wait for a convincing breakthrough the 200-hour SMA barrier before positioning for any near-term appreciating move.

   “¢   Meanwhile, a sustained weakness below the 0.6755-50 region – weekly lows, might negate the constructive outlook and prompt some fresh technical selling.
 

NZD/USD 1-hourly chart

NZD/USD

Overview:
       Today Last Price:  0.6797
       Today Daily change:  12  pips
       Today Daily change %:  0.177%
       Today Daily Open:  0.6785
Trends:
       Previous Daily SMA20:  0.674
       Previous Daily SMA50:  0.6632
       Previous Daily SMA100:  0.6659
       Previous Daily SMA200:  0.6877
Levels:
       Previous Daily High:  0.6818
       Previous Daily Low:  0.6756
       Previous Weekly High:  0.6876
       Previous Weekly Low:  0.6767
       Previous Monthly High:  0.663
       Previous Monthly Low:  0.6424
       Previous Daily Fibonacci 38.2%:  0.6779
       Previous Daily Fibonacci 61.8%:  0.6794
       Previous Daily Pivot Point S1:  0.6755
       Previous Daily Pivot Point S2:  0.6724
       Previous Daily Pivot Point S3:  0.6693
       Previous Daily Pivot Point R1:  0.6816
       Previous Daily Pivot Point R2:  0.6848
       Previous Daily Pivot Point R3:  0.6878