NZDUSD jumps higher but is capped by 38.2% Fibo

From xm.com

video NZDUSD is creating higher highs and higher lows in the short-term, following the rebound off the 16-month low of 0.6524. Currently, the price is failing to surpass the 38.2% Fibonacci retracement level of the down leg from 0.7220 to 0.6524 at 0.6790, with the technical indicators suggesting more bullish actions. The MACD is strengthening its positive bias above its trigger and zero lines, while the RSI is flattening in the bullish region. In trend indicators, the 20- and 40-day simple moving averages (SMAs) are ready for a positive crossover, signaling greater upside tendency. If the price climbs beyond the ... (full story)