The NZD/USD pair is at present buying and selling at Zero.69, having hit two-month highs above Zero.6940 final week. The pullback might be prolonged additional to the ascending (bullish) 200-hour transferring common (MA), at present at Zero.6878.
The bearish divergence (decrease highs in response to increased highs on value) of the relative energy index (RSI) seen within the above chart signifies that the rally from the Jan. 22 low close to Zero.67 has possible made a short lived high at Zero.6742 and a pullback Zero.6878 (200-hour MA) and Zero.6872 (resistance of Jan. 27 excessive) might be within the offing.
The 5- and 10-day transferring averages (MAs), nonetheless, are nonetheless trending north in favor of the bulls. The pullback to Zero.6878-Zero.6872, subsequently, might be short-lived.
A every day shut beneath the 10-day MA, at present at Zero.6840, would invalidate the bullish setup, signaled by the triangle breakout, confirmed on Jan. 25.
Development: pullback possible
At present Final Value: Zero.6899
At present Every day change: -1 pips
At present Every day change %: -Zero.01%
At present Every day Open: Zero.69
Every day SMA20: Zero.6802
Every day SMA50: Zero.68
Every day SMA100: Zero.6714
Every day SMA200: Zero.6762
Earlier Every day Excessive: Zero.6943
Earlier Every day Low: Zero.6896
Earlier Weekly Excessive: Zero.6943
Earlier Weekly Low: Zero.6816
Earlier Month-to-month Excessive: Zero.694
Earlier Month-to-month Low: Zero.6516
Every day Fibonacci 38.2%: Zero.6914
Every day Fibonacci 61.eight%: Zero.6925
Every day Pivot Level S1: Zero.6883
Every day Pivot Level S2: Zero.6866
Every day Pivot Level S3: Zero.6836
Every day Pivot Level R1: Zero.693
Every day Pivot Level R2: Zero.696
Every day Pivot Level R3: Zero.6977