NZD/USD gapped higher at 0.6917 – a level last seen on June 25 – and is currently trading at 0.6905. The NZD likely picked up a bid on US-China trade truce. Extended risk-on action in the financial markets could push the NZD above the immediate hurdle of 0.6922. The NZD/USD opened at a five-month high of 0.6917 on fading US-China trade tensions. The US President Trump and his Chinese counterpart Xi Jinping reached a ceasefire weekend over the weekend under which the US will hold off imposing further tariffs on the US and in return China would buy a substantial amount of US goods. That truce will remain valid for three months, during which both sides will negotiate a permanent trade deal. The US will likely escalate trade war if parties fail to reach an. The temporary pause in the trade war has put a strong bid under the risky assets. For instance, the S&P 500 is up 1.5 percent and oil benchmarks are reporting 4 percent gains. The Chinese yuan has gained 0.5 percent. The risk-on action is boding well for the commodity dollars like the NZD and AUD. At press time, the NZD/USD is trading at 0.6906, up 7.5 percent from the yearly low of 0.6424 reached on Oct. 8. China Caixin manufacturing PMI for November released a few minutes before press time, showed the activity improved slightly, but failed to lift the NZD, possibly because the details revealed a weakening domestic demand. It is worth noting that a temporary truce was highly anticipated and was more or less price in the last week. As a result, the S&P 500 futures may trim gains, in which case the NZD may have a tough time scaling the immediate resistance of 0.6922 (June 25 high). The resistance, however, will likely be crossed if the equities extend gains the EUR/USD picks up a strong bid. NZD/USD Technical Levels NZD/USD Overview: Today Last Price: 0.6904 Today Daily change: 30 pips Today Daily change %: 0.436% Today Daily Open: 0.6874 Trends: Previous Daily SMA20: 0.6792 Previous Daily SMA50: 0.6649 Previous Daily SMA100: 0.6661 Previous Daily SMA200: 0.6867 Levels: Previous Daily High: 0.6886 Previous Daily Low: 0.6851 Previous Weekly High: 0.6887 Previous Weekly Low: 0.6753 Previous Monthly High: 0.6887 Previous Monthly Low: 0.6514 Previous Daily Fibonacci 38.2%: 0.6873 Previous Daily Fibonacci 61.8%: 0.6864 Previous Daily Pivot Point S1: 0.6855 Previous Daily Pivot Point S2: 0.6835 Previous Daily Pivot Point S3: 0.682 Previous Daily Pivot Point R1: 0.689 Previous Daily Pivot Point R2: 0.6905 Previous Daily Pivot Point R3: 0.6925 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 NZD/JPY Technical Analysis: Fresh round of bullish lift into 78.50 FX Street 4 years NZD/USD gapped higher at 0.6917 - a level last seen on June 25 - and is currently trading at 0.6905. The NZD likely picked up a bid on US-China trade truce. Extended risk-on action in the financial markets could push the NZD above the immediate hurdle of 0.6922. The NZD/USD opened at a five-month high of 0.6917 on fading US-China trade tensions. The US President Trump and his Chinese counterpart Xi Jinping reached a ceasefire weekend over the weekend under which the US will hold off imposing further tariffs on the US and in return China would buy a substantial… 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.