NZD/USD is trading above the cloud with Tenkan and Kijun positively aligned.


NZD/USD is trading above the cloud with Tenkan and Kijun positively aligned.
The pair is trading in a rising channel since Nov, and has strong support by channel base at 0.6670, which is also the cloud top.

Watchout for breaks below 0.6670 for further weakness, tests of 0.6610-20 levels then likely.
Strong support is at 0.6670 (channel base and cloud top), while resistance on the upside is located at 0.6717 (10 DMA) ahead of 0.6740 (Dec 7 high).

Resistance Levels:R1: 0.6725 (10-DMA)R2: 0.6740 (Dec 7 high)R3: 0.6758 (Dec 9 highs)Support Levels:S1: 0.6688 (Dec 17 low)S2: 0.6670 (channel base and cloud top)S3: 0.6656 (21-Day MA)

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