NZD/USD Technical Analysis: Corrective rally eyes break above 0.66
|- The bullish divergence of the hourly RSI and a break above the 50-hour moving average (MA) and 100-hour MA indicates the NZD/USD could rise above 0.66 today.
- The positive hourly chart setup adds credence to oversold conditions reported by the 14-day RSI.
Hourly chart
Spot Rate: 0.6588
Daily High: 0.6590
Daily Low: 0.6557
Trend: Bullish
R1: 0.66 (psychological level)
R2: 0.6618 (resistance as per the hourly chart)
R3: 0.6647 (200-hour moving average)
Support
S1: 0.6580 (100-hour moving average)
S2: 0.6573 (50-hour moving average)
S3: 0.6556 (support as per the hourly chart)
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