NZD/USD: 1-hour
Confluence, baby! NZD/USD seems to be in the middle of a correction on its short-term forex chart and price might pull back to the support levels lining up near the .7800 major psychological level. As you can see from the chart above, this coincides with the ascending trend line, 61.8% Fibonacci retracement level, and the 200 SMA. The shorter-term 100 SMA just crossed above the 200 SMA anyway, indicating that an uptrend is starting. Stochastic is already indicating oversold conditions, which means that Kiwi bulls are ready to charge and push NZD/USD back up to its previous highs around .7900.
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