TechnoMeter

Daily price is braking 200 day SMA for the bullish reversal:

• The price is breaking Fibo resistance level at 0.6748 together with 200 day SMA for the reversal of the price movement form the primary bearish to the primary bullish market condition.
• "The New Zealand Dollar finds itself at trend-setting resistance that has capped gains versus the currency’s US counterpart since early July 2014. The pair’s behavior at this critical juncture may prove defining for trend development in the weeks and months ahead."
• "A daily close above the 76.4% Fibonacci retracement at 0.6757 opens the door for a test double top resistance in the 0.6883-97 area. Alternatively, move back below the 61.8% Fib at 0.6678 paves the way for a challenge of the 50% level at 0.6615."
• "We are keen to enter short NZD/USD in line with the long-term downward trajectory. An actionable reversal signal triggering the position is absent for the time being however. With that in mind, we will remain on the sidelines until a compelling setup presents itself."

If the price will break Fibo resistance level at 0.6748 from below to above so the primary bullish trend will be continuing with good possible breakout of the price movement.
If not so the price will be ranging between within the level.

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