NZD/USD Technical Analysis: Kiwi bulls post the best daily advance since mid-February, 0.7200 at sight

• NZD/USD broke above a two-week  high on Wednesday. It is now consolidating its best daily advance since mid-February just below the 0.7000 handle.  
• NZD/USD bulls created a strong bull breakout from the 0.6900 handle as they are trying to set  up the stage for a bull trend in the coming days and weeks.  
• NZD/USD is now trading above its 50 and 100-period simple moving averages on the 4-hour chart, suggesting  bullish momentum.

NZD/USD 15-minute chart

Spot rate:                    0.6990
Relative change:           1.22%      
High:                           0.6999
Low:                            0.6902

Trend:                          Bullish

Support 1:                   0.6960 Monday’s high                  
Support 2:                   0.6900 handle                                          
Support 3:                   0.6851 May 16 and 2018 low      

Resistance 1:                  0.7000 handle                                          
Resistance 2:                  0.7053 May 4 high
Resistance 3:                  0.7153 March 21 low