The NZD/USD pair could revisit recent highs near 0.6850, having witnessed a falling wedge breakout on the key technical chart.
4-hour chart
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- The falling wedge breakout – a bullish reversal pattern – indicates that the pullback from the recent high of 0.6849 has ended and the bulls have likely regained control. As a result, 0.6849 could come into play again.
- Validating that bullish argument is the 14-day relative strength index’ (RSI) move into positive territory above 50.00.
- The bullish pressure would weaken if the spot falls back into the wedge.
Trend: bullish
NZD/USD
Overview:
Today Last Price: 0.6768
Today Daily change: 0.0047 pips
Today Daily change %: 0.70%
Today Daily Open: 0.6721
Trends:
Daily SMA20: 0.6746
Daily SMA50: 0.6796
Daily SMA100: 0.6691
Daily SMA200: 0.6776
Levels:
Previous Daily High: 0.6735
Previous Daily Low: 0.6706
Previous Weekly High: 0.685
Previous Weekly Low: 0.6727
Previous Monthly High: 0.697
Previous Monthly Low: 0.6686
Daily Fibonacci 38.2%: 0.6717
Daily Fibonacci 61.8%: 0.6724
Daily Pivot Point S1: 0.6706
Daily Pivot Point S2: 0.6692
Daily Pivot Point S3: 0.6677
Daily Pivot Point R1: 0.6735
Daily Pivot Point R2: 0.675
Daily Pivot Point R3: 0.6764
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