The Kiwi has recovered 50 pips from the six-month low of 0.6826. NZD/USD created a doji candle yesterday, signaling the market has turned indecisive after hitting a 6 – month low of 0.6826. A corrective rally could be capped by risk aversion. The NZD/USD is reporting marginal gains in early Asia, having clocked six-month low of 0.6826 on Thursday. The currency pair created a doji candle yesterday, signaling indecision in the marketplace. However, when viewed against the backdrop of a slide to a six-month low of 0.6826, the doji candle indicates bearish exhaustion. Further, the relative strength index (RSI) on the 4-hour chart is rising from the oversold territory (from below 30.00). Also, Statistics New Zealand reported a seasonally adjusted net gain of 5090 permanent and long-term migrants in May. The migration gain is seen providing support for growth in the long-run. So, a minor corrective rally could be in the offing, although broader market sentiment could play hardball. Risk sentiment remains fragile as the US and China dig in heels on trade conflict. The Asian equity markets are expected to fall, tracking losses in stock markets across the globe. NZD/USD Technical Levels At press time, the currency pair is trading at 0.6870. Key resistance is located at 0.6886 (5-day moving average), 0.69 (100-hour moving average), 0.6917 (resistance on the hourly chart). Meanwhile, support is lined up at 0.6859 (support on the hourly chart), 0.68226 (previous day’s doji candle low), and 0.68 (psychological support). 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 IMF’ Lagarde: Debt relief will improve Greece’s medium term debt prospects FX Street 5 years The Kiwi has recovered 50 pips from the six-month low of 0.6826. NZD/USD created a doji candle yesterday, signaling the market has turned indecisive after hitting a 6 - month low of 0.6826. A corrective rally could be capped by risk aversion. The NZD/USD is reporting marginal gains in early Asia, having clocked six-month low of 0.6826 on Thursday. The currency pair created a doji candle yesterday, signaling indecision in the marketplace. However, when viewed against the backdrop of a slide to a six-month low of 0.6826, the doji candle indicates bearish exhaustion. Further, the relative strength index (RSI) on… 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.