NZD/USD consolidates RBNZ-led losses near one-month low. Sellers are in command but catching a breather following four-day losing streak. Bulls will have to cross 0.6700 to regain the market’s confidence. NZD/USD extends the post-RBNZ pullback while taking rounds to 0.6550, intraday low of 0.6524, amid early Wednesday. While the Reserve Bank of New Zealand’s (RBNZ) expansion of the Large Scale Asset Purchases (LSAP) to New Zealand dollar 100 billion dragged the quote to the monthly low, the Governor’s modest statements licked wounds afterward. Read: RBNZ’s Orr: NZ dollar appreciation has moderated returns for exporters On a technical basis, the break of a three-month-old support line joins downbeat conditions of MACD and RSI to favor the sellers. However, the 50-day EMA level of 0.6518 offers immediate rest to the bears. During the pair’s extended south-run below 50-day EMA, the pair may take a halt around 0.6500 before visiting the 0.6400 round-figures comprising 200-day EMA. Meanwhile, the support-turned-resistance trend line stretched from March 19, at 0.6600 now, restricts the pair’s immediate upside ahead of a two-week-long falling resistance line near 0.6665 and July 31 top surrounding 0.6715. NZD/USD daily chart Trend: Bearish 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 EUR/USD under pressure as juicier US yields lift dollar FX Street 2 years NZD/USD consolidates RBNZ-led losses near one-month low. Sellers are in command but catching a breather following four-day losing streak. Bulls will have to cross 0.6700 to regain the market’s confidence. NZD/USD extends the post-RBNZ pullback while taking rounds to 0.6550, intraday low of 0.6524, amid early Wednesday. While the Reserve Bank of New Zealand’s (RBNZ) expansion of the Large Scale Asset Purchases (LSAP) to New Zealand dollar 100 billion dragged the quote to the monthly low, the Governor’s modest statements licked wounds afterward. Read: RBNZ’s Orr: NZ dollar appreciation has moderated returns for exporters On a technical basis, the break of… 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.