US dollar gains versus most of G10 currencies as Wall Street losses momentum. NZD/USD is still bullish but unable to break critical resistance. The NZD/USD pair broke below 0.6100 and fell to 0.6080, reaching the lowest in two days. The pair is holding below 0.6100, on negative territory for the second day in a row but up more than 150 pips for the week. A stronger US dollar versus majors boosted further the ongoing correction in NZD/USD. The DXY is up 0.45% on Friday, as it continues to recover from the three-week lows it hit on Thursday. Risk aversion earlier also affected the kiwi. Increasing risk of more tensions between the US and China weighed on market sentiment. Technical outlook The rally that started on Monday from weekly lows near 0.5900 ran into resistance at 0.6150 and lost strength. The NZD/USD is now making a bearish correction, so far, limited. Technical indicators and the chart remains biased to the upside, particularly while above the 0.6060 area (20-day moving average). However, in order to clear the way to more gains, NZD/USD has to break and consolidate above the 0.6150 region. Since early April, the pair has been moving sideways around 0.6050, with support above 0.5900 and resistance at 0.6150. 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 UK, Australia, Canada: Deeply concerned at proposals for new Hong Kong security law FX Street 3 years US dollar gains versus most of G10 currencies as Wall Street losses momentum. NZD/USD is still bullish but unable to break critical resistance. The NZD/USD pair broke below 0.6100 and fell to 0.6080, reaching the lowest in two days. The pair is holding below 0.6100, on negative territory for the second day in a row but up more than 150 pips for the week. A stronger US dollar versus majors boosted further the ongoing correction in NZD/USD. The DXY is up 0.45% on Friday, as it continues to recover from the three-week lows it hit on Thursday. Risk aversion earlier… 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.
