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The NZD/USD pair beat the 200-day moving average (MA) hurdle at 0.6765 soon before press time and could rise further to 0.68 as the hourly chart is reporting a bearish-to-bullish trend change.  

At press time, most currencies are reporting gains against the greenback, possibly tracking the strength in yuan. The USD/CNH pair (offshore yuan exchange rate) is currently trading 0.13 percent lower on the day at 6.7737, having clocked a low of 6.7646 earlier today.  

NZD/USD hourly chart

The bullish relative strength index (RSI) divergence and the channel breakout seen in the above chart has likely set the tone for a test of supply around  0.67.  

The bull breakout, however, could be short-lived if USD/CNH picks up a bid and jumps past the session high of 6.7843.  

Trend: cautiously bullish


       Today Last Price:  0.677
       Today Daily change:  0.0021  pips
       Today Daily change %:  0.31%
       Today Daily Open:  0.6749
       Daily SMA20:  0.6813
       Daily SMA50:  0.6799
       Daily SMA100:  0.6724
       Daily SMA200:  0.6757
       Previous Daily High:  0.6767
       Previous Daily Low:  0.6729
       Previous Weekly High:  0.6907
       Previous Weekly Low:  0.6729
       Previous Monthly High:  0.694
       Previous Monthly Low:  0.6516
       Daily Fibonacci 38.2%:  0.6744
       Daily Fibonacci 61.8%:  0.6752
       Daily Pivot Point S1:  0.673
       Daily Pivot Point S2:  0.671
       Daily Pivot Point S3:  0.6692
       Daily Pivot Point R1:  0.6768
       Daily Pivot Point R2:  0.6786
       Daily Pivot Point R3:  0.6806