© Dukascopy Bank SA
At the moment, the currency couple is sitting at the 50-hour SMA at 0.8624 but it is likely to bounce off this mark as over 60% of market players are bullish on the pair. To make this happen, the currency pair has to approach 0.8633/42 (four-hour PP, R1) that if overcome will send NZD/USD to the next bunch of resistances that beset the pattern's upper boundary , lying at 0.8652/74 (daily R1, R2; 200-hour SMA and four-hour R2, R3).
© Dukascopy Bank SA