NZD/USD Technical Analysis: Sustained move beyond 100-hour SMA to confirm a bullish flag breakout

   •  The pair stalled its corrective slide from over three-month tops and caught some aggressive bids on Tuesday, snapping three consecutive days of losing streak.

   •  The downfall had been along a descending trend-channel, which against the backdrop of the recent upsurge constituted towards the formation of a bullish flag chart pattern. 

   •  Technical indicators on the 1-hourly chart have again started gaining positive momentum and a move beyond the channel resistance support prospects for the resumption of the bullish trend.

   •  A follow-through momentum beyond 100-hour SMA will add credence to the constructive outlook and assist the pair to make a fresh attempt towards conquering the 0.6800 handle.
 

NZD/USD 1-hourly chart