- NZD/USD's 15-min chart shows a bullish indicator divergence.
- The pair could soon challenge key falling trendline hurdle.
NZD/USD has bounced from session lows and looks set to challenge a descending trendline hurdle at 0.5671.
The pair is currently trading at 0.5648, having hit a low of 0.5586 in early Asia.
The recovery has confirmed a bullish divergence (higher low) of the relative strength index (RSI) on the 15-minute chart. Additionally, the indicator is reporting a symmetrical triangle breakout.
As a result, further gains look likely. A break above the falling trendline resistance at 0.5671 would open the doors for 0.57.
Alternatively, acceptance under 0.56 could bring in additional declines toward the recent low of 0.5469.
Trend: Intraday bullish
|Today last price||0.565|
|Today Daily Change||-0.0059|
|Today Daily Change %||-1.03|
|Today daily open||0.5709|
|Previous Daily High||0.5882|
|Previous Daily Low||0.5608|
|Previous Weekly High||0.6151|
|Previous Weekly Low||0.547|
|Previous Monthly High||0.6504|
|Previous Monthly Low||0.6192|
|Daily Fibonacci 38.2%||0.5713|
|Daily Fibonacci 61.8%||0.5777|
|Daily Pivot Point S1||0.5584|
|Daily Pivot Point S2||0.5459|
|Daily Pivot Point S3||0.531|
|Daily Pivot Point R1||0.5858|
|Daily Pivot Point R2||0.6007|
|Daily Pivot Point R3||0.6132|
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