- NZD/USD is currently trading above the 50-hour MA hurdle of 0.6582.
- With the hourly chart biased bullish, the pair looks set to rise above 0.66 in the next few hours.
The pair will likely find acceptance above the 50-hour MA and rise toward the 200-hour MA, currently located at 0.6604, in the next few hours, as the hourly chart relative strength index (RSI) is now reporting bullish conditions with an above-50 print. The indicator created a bullish divergence - higher low as opposed to a lower low on the price - on Wednesday.
The case for a rise to the 200-hour MA would weaken if the pair finds acceptance below 0.6566. That would invalidate the bullish divergence on the hourly chart RSI.
|Today last price||0.6586|
|Today Daily Change||0.0007|
|Today Daily Change %||0.11|
|Today daily open||0.6574|
|Previous Daily High||0.6594|
|Previous Daily Low||0.6566|
|Previous Weekly High||0.6682|
|Previous Weekly Low||0.6528|
|Previous Monthly High||0.6684|
|Previous Monthly Low||0.6481|
|Daily Fibonacci 38.2%||0.6577|
|Daily Fibonacci 61.8%||0.6583|
|Daily Pivot Point S1||0.6562|
|Daily Pivot Point S2||0.655|
|Daily Pivot Point S3||0.6534|
|Daily Pivot Point R1||0.659|
|Daily Pivot Point R2||0.6606|
|Daily Pivot Point R3||0.6618|
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