NZD/USD refreshes intraday high while resisting the previous day’s downtrend. Monthly resistance line, previous support, adds extra upside filters to the 0.7100 threshold. NZD/USD prints mild gains while taking the bids near the intraday high of 0.7035 during early Thursday. The kiwi pair marked the weekly heaviest losses on Wednesday after taking a U-turn from a one-week high of 0.7095. The resulted declines justify Monday’s downside below an ascending support line from November 13 and nearly overbought RSI conditions. Even so, the quote bounces off 10-day EMA support, currently around 0.7026, with eyes on the previous support line, at 0.7088 now. While RSI conditions and the stated resistance line can challenge NZD/USD buyers below 0.7100, any further upside will be challenged by the monthly peak near 0.7104. Alternatively, a daily closing below the 10-day EMA level of 0.7026 will attack the 0.7000 round-figure whereas November 18 high near 0.6945 can entertain kiwi buyers afterward. In a case where the NZD/USD bears keep the reins past-0.6945, 50% Fibonacci retracement of September-November upside near 0.6805 will be the key. NZD/USD daily chart Trend: Further upside expected 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-Singapore sign a Free Trade Agreement – Reuters FX Street 2 years NZD/USD refreshes intraday high while resisting the previous day’s downtrend. Monthly resistance line, previous support, adds extra upside filters to the 0.7100 threshold. NZD/USD prints mild gains while taking the bids near the intraday high of 0.7035 during early Thursday. The kiwi pair marked the weekly heaviest losses on Wednesday after taking a U-turn from a one-week high of 0.7095. The resulted declines justify Monday’s downside below an ascending support line from November 13 and nearly overbought RSI conditions. Even so, the quote bounces off 10-day EMA support, currently around 0.7026, with eyes on the previous support line, at 0.7088… 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.
