The Kiwi finds a good resistance on the 55 day EMA

Since Thursday of last week, the NZD/USD reached the 55 day exponential moving average (purple line), around the 0.6582 where it has stalled and bounces back to the downside during today´s session. On the same daily chart we can see that the pair has actually stayed in a bearish channel and it is possible to see the price falling back down. To the downside, the 0.6428 could act as support, but if the price breaks above the upper trendline of the channel, then the 200 day exponential moving average, around the 0.6822 level could act as resistance.