The ascending 20-day moving average (MA) put a floor under the kiwi dollar yesterday, the outlook, however, would turn bullish only if the pair manages to clear the falling channel hurdle, currently at 0.6815. 4-hour chart As seen above, the NZD/USD is trapped in a descending channel for a 12th straight day. A bull breakout, if confirmed, would signal a continuation of the rally from the Nov. 1 low of 0.6514 and could yield a break above the recent high of 0.6883. Daily chart Over on the daily chart, the pair has bounced off nicely from the ascending (bullish) 20-day MA. The prospects of falling channel breakout, however, would weaken sharply if the spot finds acceptance below the 20-day MA, currently at 0.6767. Trend: Bullish after channel breakout NZD/USD Overview:     Today Last Price:  0.6795     Today Daily change:  3.0  pips     Today Daily change %:  0.0442%     Today Daily Open:  0.6792 Trends:     Previous Daily SMA20:  0.6752     Previous Daily SMA50:  0.6636     Previous Daily SMA100:  0.6658     Previous Daily SMA200:  0.6874 Levels:     Previous Daily High:  0.6811     Previous Daily Low:  0.6753     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%:  0.6789     Previous Daily Fibonacci 61.8%:  0.6775     Previous Daily Pivot Point S1:  0.676     Previous Daily Pivot Point S2:  0.6727     Previous Daily Pivot Point S3:  0.6702     Previous Daily Pivot Point R1:  0.6818     Previous Daily Pivot Point R2:  0.6843     Previous Daily Pivot Point R3:  0.6876    FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Crude setting up for a steady bullish recovery, WTI clawing back to $52.00 FX Street 4 years The ascending 20-day moving average (MA) put a floor under the kiwi dollar yesterday, the outlook, however, would turn bullish only if the pair manages to clear the falling channel hurdle, currently at 0.6815. 4-hour chart As seen above, the NZD/USD is trapped in a descending channel for a 12th straight day. A bull breakout, if confirmed, would signal a continuation of the rally from the Nov. 1 low of 0.6514 and could yield a break above the recent high of 0.6883. Daily chart Over on the daily chart, the pair has bounced off nicely from the ascending (bullish) 20-day… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
