NZD/USD meeting critical resistance ahead of RBNZ. 4-hour support is compelling on a break of hourly structure. There are downside prospects ahead of the Reserve Bank of New Zealand event today as the following illustrates from an hourly and 4-hourly perspective. Hourly chart The price is testing hourly resistance ahead of the event, supported by the hourly support structure. 4-hour chart From a 4-hour perspective, the downside is compelling with respect to the W-formation and a 38.2% Fibonacci could be on the cards which would clear the hourly support. 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 S&P 500 Futures wobble around record top as US Treasury yields stay depressed FX Street 2 years NZD/USD meeting critical resistance ahead of RBNZ. 4-hour support is compelling on a break of hourly structure. There are downside prospects ahead of the Reserve Bank of New Zealand event today as the following illustrates from an hourly and 4-hourly perspective. Hourly chart The price is testing hourly resistance ahead of the event, supported by the hourly support structure. 4-hour chart From a 4-hour perspective, the downside is compelling with respect to the W-formation and a 38.2% Fibonacci could be on the cards which would clear the hourly support. 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.
