FX.co ★ Technical analysis of NZD/USD for May 21, 2018

If we look at the 4-hour chart on NZD/USD, we can see the Divergence between the Stochastic Oscillator. The price now after a breakout of 0.6889. The pair is making an upward channel. It seems the pair is trying to test the resistance level of 0.693i if the pair is capable to break out and close above the 0.6934. As long as the price does not break and close below the 0.6869 level, usually 60% of the time this pair will go up to test its next resistance at +/- 0.6975 level.

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