The NZD/USD pair has charted a bull flag on the hourly chart. A breakout could accelerate the preceding bullish trend and allow a test of supply around the crucial falling trendline hurdle above 0.68.
Hourly chart
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- A bull flag breakout, if confirmed, would open up upside toward 0.6860 (target as per the measured move method, that is, pole height added to breakout price).
- Put simply, the flag breakout would boost the prospects of a convincing move above the trendline connecting the Dec. 4 and Jan. 15 highs. As of writing, the NZD/USD pair is trading at 0.6766 and the trendline hurdle is located at 0.6807.
Trend: bullish after flag breakout
NZD/USD
Overview:
Today Last Price: 0.6767
Today Daily change: 1 pip
Today Daily change %: 0.01%
Today Daily Open: 0.6766
Trends:
Daily SMA20: 0.6752
Daily SMA50: 0.6795
Daily SMA100: 0.6695
Daily SMA200: 0.6771
Levels:
Previous Daily High: 0.6807
Previous Daily Low: 0.6755
Previous Weekly High: 0.685
Previous Weekly Low: 0.6727
Previous Monthly High: 0.697
Previous Monthly Low: 0.6686
Daily Fibonacci 38.2%: 0.6775
Daily Fibonacci 61.8%: 0.6787
Daily Pivot Point S1: 0.6745
Daily Pivot Point S2: 0.6724
Daily Pivot Point S3: 0.6693
Daily Pivot Point R1: 0.6797
Daily Pivot Point R2: 0.6828
Daily Pivot Point R3: 0.6849
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