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  • The NZD/USD pair closed well above the trendline falling from the April highs on Thursday, confirming a bearish-to-bullish trend change.
  • The subsequent failure to close above the 100-day EMA and the pullback to 0.6638 seen today has neutralized the immediate bullish outlook.
  • A close above the 100-day EMA would validate the upside break of the falling trendline and would open the doors to a sustained move to 0.6859 (September high).
  • A daily close under 0.6514 (Nov. 1 low) may embolden the bears.

Daily Chart

Trend: Bullish above 100-day EMA


       Last Price:  0.6639
       Daily change:  -7.0  pips
       Daily change:  -0.105%
       Daily Open:  0.6646
       Daily SMA20:  0.6539
       Daily SMA50:  0.6575
       Daily SMA100:  0.6667
       Daily SMA200:  0.692
       Daily High:  0.669
       Daily Low:  0.6634
       Weekly High:  0.669
       Weekly Low:  0.6513
       Monthly High:  0.663
       Monthly Low:  0.6424
       Daily Fibonacci 38.2%:  0.6656
       Daily Fibonacci 61.8%:  0.6669
       Daily Pivot Point S1:  0.6623
       Daily Pivot Point S2:  0.66
       Daily Pivot Point S3:  0.6567
       Daily Pivot Point R1:  0.668
       Daily Pivot Point R2:  0.6713
       Daily Pivot Point R3:  0.6736