NZD/USD trades 0.37% higher on Wednesday as risk sentiment improves. The market has been consolidating since hitting a high of 0.6584. NZD/USD 4-hour chart NZD/USD has been trading higher on Wednesday after the risk sentiment in equities improved and the USD pulledback. The pair has been on a very good uptrend but has stalled recently after hitting the high on the chart of 0.6584. The key feature on the chart is the descending triangle pattern. The bottom of the pattern is a key support, the level currently stands at 0.6383. If the pattern breaks to the upside then the orange line at the highs could be the next resistance. The MACD indicator is looking pretty bullish at the moment. The histogram is trading in the green but the signal lines have also moved about the zero level. The Relative Strength Index is also in a positive area above the 50 line. There is still some room to the upside and if the pattern does break then the signal line is sure to hit the overbought zone. 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 Wall Street Close: Benchmarks mixed on conflicting sentiment FX Street 3 years NZD/USD trades 0.37% higher on Wednesday as risk sentiment improves. The market has been consolidating since hitting a high of 0.6584. NZD/USD 4-hour chart NZD/USD has been trading higher on Wednesday after the risk sentiment in equities improved and the USD pulledback. The pair has been on a very good uptrend but has stalled recently after hitting the high on the chart of 0.6584. The key feature on the chart is the descending triangle pattern. The bottom of the pattern is a key support, the level currently stands at 0.6383. If the pattern breaks to the upside then the orange… 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.
