NZD/USD is trading 0.12% higher on Wednesday. The Fed rate announcement and companying press conference pushed the pair higher. NZD/USD 4-hour chart NZD/USD has been on an uptrend recently but the move had stalled over the last couple of sessions. The pair has had a new burst of positivity after the Fed meeting where there was some mild USD weakness after some choppiness. Looking closer at the chart and more recently the move lower did not manage to touch the red trendline. The key resistance level on the upside is the 0.67 zone. If the level breaks then the bull trend looks set to continue. If the trendline breaks on the downside the next major support is holding at 0.6580. There will need to be some more buying pressure for the pair to hold above the consolidation low of 0.6614. The indicators are looking mixed. The MACD histogram is red but the signal lines are above the mid-level which is bullish. The Relative Strength Index is above the 50 level which is bullish but there is a trendline that could be broken to indicate more bullishness is on the horizon. Overall, the trend is still decent but at the moment the pair is in a consolidation phase a break above the aforementioned 0.67 area would be a strong confirmation that the uptrend is set to continue. Additional levels 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 Tron Technical Analysis: TRX/USD aims for $0.02-level after a hattrick of bullish days FX Street 3 years NZD/USD is trading 0.12% higher on Wednesday. The Fed rate announcement and companying press conference pushed the pair higher. NZD/USD 4-hour chart NZD/USD has been on an uptrend recently but the move had stalled over the last couple of sessions. The pair has had a new burst of positivity after the Fed meeting where there was some mild USD weakness after some choppiness. Looking closer at the chart and more recently the move lower did not manage to touch the red trendline. The key resistance level on the upside is the 0.67 zone. If the level breaks then the bull trend… 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.
