Search ForexCrunch
  • The NZD/USD’s pullback from the high of 0.6819 is somewhat discouraging, although the outlook remains bullish as long as the ascending trendline from Oct. 31 lows is intact.
  • At press time, the pair is bouncing off from that trendline support, currently at 0.6747. A rebound from the trendline support and a break above 0.68 would imply that the pullback has ended and the rally, as signaled by the ascending 5- and 10-day EMAs, have resumed.
  • The bullish tone may weaken, opening doors for a drop to 0.6690 (hourly chart support) if the trendline support is breached.

Hourly Chart

Trend: Bearish below trendline support


       Last Price:  0.6761
       Daily change:  11  pips
       Daily change:  0.163%
       Daily Open:  0.675
       Daily SMA20:  0.6588
       Daily SMA50:  0.6577
       Daily SMA100:  0.666
       Daily SMA200:  0.6908
       Daily High:  0.6802
       Daily Low:  0.6741
       Weekly High:  0.669
       Weekly Low:  0.6513
       Monthly High:  0.663
       Monthly Low:  0.6424
       Daily Fibonacci 38.2%:  0.6764
       Daily Fibonacci 61.8%:  0.6779
       Daily Pivot Point S1:  0.6727
       Daily Pivot Point S2:  0.6704
       Daily Pivot Point S3:  0.6667
       Daily Pivot Point R1:  0.6787
       Daily Pivot Point R2:  0.6824
       Daily Pivot Point R3:  0.6847