Currency entrenched above the moving average with a period of 34 (now it is the support level 0.7565), but still is below average with periods of 89 and 144 (the resistance level of 0.7670) and is currently testing the average with period 55.MACD histogram is located in the negative zone, but above its signal line, continues to gradually rise, and thus sends a signal to buy NZD / USD.
Stochastic Oscillator is in the overbought zone and generates a similar signal as the% K line rises above the% D.
Therefore, as a confirmation of what the forex market in a given currency pair again could intensify bullish sentiment, we can only wait for the breakdown of the resistance level of 0.7640/50, which will open the path to levels of 0.7690 and 0.7725.
Resistance levels: 0.7640/50, 0.7690, 0.7725
Current Price: 0.7620
Support levels: 0.7600, 0.7565, 0.7530, 0.7510/00
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