NZD/USD extends the latest recovery following a bullish candlestick formation on the four-hour (H4) chart. The falling trend lines from the previous week hold the key to 200-bar SMA. Sellers will take entry below 0.5600. With the bullish candlestick formation currently helping NZD/USD to recover early-day losses, the Kiwi par registers 0.08% of gains to 0.5730 amid the Asian session on Friday. The quote is now expected to stretch the pullback towards the descending resistance trend lines drawn from March 09 and 11 near 0.5885 and 0.5935. However, the pair’s successful upside past-0.5935 will not hesitate to challenge 0.6000 as well as a 200-bar SMA level of 0.6285. Meanwhile, the pair’s dip below 0.5600 will negate the bullish candlestick formation and can open the door for its fresh drop towards the latest low near 0.5470. It should also be noted that the 0.5500 mark can offer an intermediate stop between 0.5600 and 0.5470. NZD/USD four-hour chart Trend: Further recovery 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 Fed’s balance sheet hits record $4.7 trillion FX Street 2 years NZD/USD extends the latest recovery following a bullish candlestick formation on the four-hour (H4) chart. The falling trend lines from the previous week hold the key to 200-bar SMA. Sellers will take entry below 0.5600. With the bullish candlestick formation currently helping NZD/USD to recover early-day losses, the Kiwi par registers 0.08% of gains to 0.5730 amid the Asian session on Friday. The quote is now expected to stretch the pullback towards the descending resistance trend lines drawn from March 09 and 11 near 0.5885 and 0.5935. However, the pair’s successful upside past-0.5935 will not hesitate to challenge 0.6000 as… 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.
