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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


       Today Last Price:  0.6795
       Today Daily change:  3.0  pips
       Today Daily change %:  0.0442%
       Today Daily Open:  0.6792
       Previous Daily SMA20:  0.6752
       Previous Daily SMA50:  0.6636
       Previous Daily SMA100:  0.6658
       Previous Daily SMA200:  0.6874
       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