NZD/USD eases from fresh three-week top, keeps upside break of short-term key resistance line, now support. 200-SMA, early March lows guard further advances, 0.7020 becomes the key support. NZD/USD rises to the fresh high since March 23, before recently easing to 0.7087, while flashing 0.48% intraday gains ahead of Wednesday’s European session. In doing so, the kiwi pair extends the previous day’s upside break of a descending trend line from February 25 amid bullish MACD. However, 200-SMA and lows marked during March 05-09, around 0.7110, challenges the NZD/USD bulls. The mid-March bottoms surrounding 0.7150 also act as an upside barrier ahead of fueling the quote towards the 0.7200 threshold and March 18 peak close to 0.7270. Meanwhile, April 05 tops near 0.7070 can act as immediate support during the pair’s pullback. Though, a confluence of a three-week-old rising trend line and previous resistance line, around 0.7020, followed by the 0.7000 psychological magnet, will be tough nuts to crack for the NZD/USD bears. NZD/USD four-hour chart Trend: Pullback 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 Expert score 5 Etoro - Best For Beginner & Experts0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 5 Read Review Open My Free Account Your capital is at risk. FXStreet News share Read Next Dogecoin Price Prediction: DOGE targets $0.245 after new wave of celebrity endorsements FX Street 6 months NZD/USD eases from fresh three-week top, keeps upside break of short-term key resistance line, now support. 200-SMA, early March lows guard further advances, 0.7020 becomes the key support. NZD/USD rises to the fresh high since March 23, before recently easing to 0.7087, while flashing 0.48% intraday gains ahead of Wednesday's European session. In doing so, the kiwi pair extends the previous day's upside break of a descending trend line from February 25 amid bullish MACD. However, 200-SMA and lows marked during March 05-09, around 0.7110, challenges the NZD/USD bulls. The mid-March bottoms surrounding 0.7150 also act as an upside barrier… Top 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.
