NZDUSD Price Action Analysis - recovery after bullish Morning Star candlestick pattern

W1 price is located below 200 period SMA and 100 period SMA for the primary bearish market condition:

• The price is on downtrend for trying to break Fibo support level at 0.6496 for the bearish trend to be continuing;
• "The New Zealand Dollar is attempting a cautious recovery against its US namesake after putting in a bullish Morning Star candlestick pattern."
• If weekly price will break 0.6496 support level so the primary bearish will be continuing, otherwise the price will be ranging within the familiar levels;
  
• “Near-term resistance is at 0.6679, the 14.6% Fibonacci retracement, with a break above that on a daily closing basis exposing the 23.6% level at 0.6791.”

Levels: