NZD/USD Is in an Upward Move, Targets Level 0.6800

Key Resistance Levels: 0.6600, 0.6800, 0.7000
Key Support Levels: 0.6200, 0.6000, 0.5800

NZD/USD Price Long-term Trend: Bullish
NZD/USD pair is in an uptrend as price breaks level 0.6700. The market is expected to reach a high of 0.6800. A retraced candle body tested a 61.8% Fibonacci retracement level. This indicates that the market will reach a high of 1.618 Fibonacci extension level. That is the pair will reach a high of 0.6800. Perhaps the market will reverse at this level.

Daily Chart Indicators Reading:
The Kiwi has risen to level 67 of the Relative Strength index period 14. It implies that the pair is in the uptrend zone and above the centerline 50. The 50-day SMA and 21-day SMA are sloping upward. It indicates the current trend.


NZD/USD Medium-term Trend: Ranging
On the 4-hour chart, the NZD/USD pair is in an upward move. The pair is in an ascending channel. The price is approaching level 0.6750. The market is expected to rise and break above level 0.6750.

4-hour Chart Indicators Reading
The 50-day and 21-day SMAs are sloping upward. It indicates that the recent sideways move. The pair is above 80 % range of the daily stochastic. It indicates that the market is in a bullish momentum. The pair is in the overbought region.

General Outlook for NZD/USD
The NZD/USD pair is in an upward move in the last 48 hours. The Kiwi has broken the previous resistance level. According to the Fibonacci tool, the market will reach a high of 0.6800. Thereafter, price may have a downward move



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