NZD/USD approaches 200-hour SMA

Despite an extensive fall of the Kiwi during the first half of today's trading session, the pair did not manage to reach a combined support level formed by the 200-hour SMA at 0.7286 in conjunction with the bottom trend-line and the weekly S1 at 0.7277. Thus, the currency rate continues to move within the active ascending channel. However, a release of the US ISM Manufacturing PMI might push the pair though this barrier in the direction of the monthly PP at 0.7247. However, this fundamental event might equally spur the rate though the combined resistance level set up by the weekly PP at 0.7312, 55- and 20-hour SMAs at 0.7313 and 0.7316 if the data will not meet experts' forecasts.