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   “¢   The pair caught some aggressive bid on Thursday and is now looking to build on the positive momentum further beyond the 0.6600 handle.

   “¢   The pair finally broke through an important confluence hurdle, comprising of 50-day SMA and a short-term descending trend-channel resistance.

   “¢   Technical indicators on the daily chart are gradually moving into positive territory and add credence to a possible near-term bullish breakout.

   “¢   Hence, a follow-through up-move led by some fresh technical buying, towards reclaiming the 0.6700 handle, now looks a distinct possibility.
 

NZD/USD daily chart

NZD/USD

Overview:
       Last Price:  0.6603
       Daily change:  86  pips
       Daily change:  1.32%
       Daily Open:  0.6517
Trends:
       Daily SMA20:  0.652
       Daily SMA50:  0.6576
       Daily SMA100:  0.6673
       Daily SMA200:  0.6927
Levels:
       Daily High:  0.6572
       Daily Low:  0.6513
       Weekly High:  0.6612
       Weekly Low:  0.6465
       Monthly High:  0.663
       Monthly Low:  0.6424
       Daily Fibonacci 38.2%:  0.6536
       Daily Fibonacci 61.8%:  0.6549
       Daily Pivot Point S1:  0.6496
       Daily Pivot Point S2:  0.6476
       Daily Pivot Point S3:  0.6438
       Daily Pivot Point R1:  0.6555
       Daily Pivot Point R2:  0.6592
       Daily Pivot Point R3:  0.6613