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NZD/USD Putting Bearish Pressure on Rising Trendline

NZD/USD had a bullish run since the last week, rallying from about 0.6250 to about 0.69. However, price action has consolidated since almost hitting 0.69. The 4H chart shows a triangle that is now broken.

NZD/USD 4H Chart 10/28
(click to enlarge)

The break of the triangle and the signals a possible bearish reversal, especially because the mode in the daily chart is still bearish, or bearish-neutral at best. 

However, there is a rising trendline that supported price today around 0.6625. We should expect some very short-term consolidation above 0.6625, but we should limit any bullish outlook from here to the 0.6750-0.68 area. If the market is bearish, it should really hold under 0.6750. A break above 0.68 on the other hand, would suggest a test of the triangle resistance to threaten a bullish continuation breakout. 

For, now, we should probably first anticipate the short-term bounce from 0.6625. We might want to hold off the bearish outlook until we see the break of this support pivot. Then, it might be time to sell on a rally. Now to the downside, a conservative outlook would be the 0.64 handle while an aggressive one would be back towards the 0.62 low. 

NZD/USD Daily Chart 10/28
(click to enlarge)