Overview:
The NZD/USD pair rebounded from the level of 0.7205 in the long term. It should be noted that the support is established at the level of 0.7205 which represents the daily pivot point on the H4 chart. The NZD/USD pair is showing signs of force following a breakout of the highest price of 0.7205. The price was in a bullish channel since two days. This is confirmed by the RSI indicator signaling that we are still in a bullish trending market. The NZD/USD pair continues to move upwards from the level of 0.7205. As long as the trend is above the price of 0.7205, the market is still in an uptrend. In addition, the trend is still strong above the moving average (MA100). The NZD/USD pair didn't make any significant movements last two days.