Analysts at Commerzbank, point out that the NZD/USD is falling toward the January trough at 0.6589, and noted that below, the key support is seen at 0.6464/24. Key Quotes: “NZD/USD’s descent is ongoing with the .6589 January low about to be reached. Failure at the .6589 level on a daily chart closing basis would put the August and September lows at .6544/00 and also the October lows at .6464/24 on the cards.” “Minor resistance comes in between the late January and February lows as well as the 200 day moving average at .6706/29. Further resistance can be found between the mid-April high at .6784 and the 55 day moving average at .6795. Key resistance remains to be seen at the December, February and March highs as well as the five month resistance line at .6929/70.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US Dollar Index Technical Analysis: DXY hits the highest point since May 2017 FX Street 4 years Analysts at Commerzbank, point out that the NZD/USD is falling toward the January trough at 0.6589, and noted that below, the key support is seen at 0.6464/24. Key Quotes: "NZD/USD's descent is ongoing with the .6589 January low about to be reached. Failure at the .6589 level on a daily chart closing basis would put the August and September lows at .6544/00 and also the October lows at .6464/24 on the cards." "Minor resistance comes in between the late January and February lows as well as the 200 day moving average at .6706/29. Further resistance can be found between… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
