NZD/USD Technical Analysis: Bull breakout on the hourly chart has exposed 200-hour MA hurdle
|- The NZD/USD hourly chart shows an upside break of the pennant pattern, which means the sell-off from the July 30 high of 0.6835 has ended and the bulls have taken over.
- Hence, the pair could rise further toward the 200-hour moving average, currently located at 0.6773.
Hourly chart
Spot Rate: 0.6750
Daily High: 0.6756
Daily Low: 0.6730
Trend: Bullish
R1: 0.6756 (previous day's doji candle high)
R2: 0.6770 (10-day moving average)
R3: 0.6835 (July 30 high)
Support
S1: 0.6741 (5-day moving average)
S2: 0.6725 (previous day's doji candle low)
S3: 0.6688 (July 3 low)
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