Bearish trend on the Kiwi seems to weaken

The New Zealand Dollar versus the US Dollar has had a good downtrend, well sustained, but after it touched the 0.6500 level it has gone sideways, forming a consolidation. The price has really been oscillating between the 0.6600 level and the 0.6700 level and even though on the daily chart it seems like the price has broken the bearish trendline, in reality what the price has done is go sideways. The 55 and the 200 day EMAs are still keeping a good separation between them, indicating that the bearish trend is still in place, none the less, in order to determine if the price has really gone back to its bearish trend, we must first see a breakdown below the 0.6500 level.