NZD/USD refreshes intraday low amid the latest decline. Bearish MACD, failures to cross immediate SMA direct sellers to 50-day SMA re-test. NZD/USD drops to the fresh daily low of 0.7161, currently down 0.23% intraday around 0.7168, amid Friday’s Asian trading session. In doing so, the kiwi pair stretches the previous day’s pullback from 21-day SMA amid bearish MACD. As a result, NZD/USD sellers are targeting the 50-day SMA, at 0.7125, during further declines. Though, the monthly low around 0.7100 can test the short-term bears afterward. It should be noted that the quote’s sustained downside past-0.7100 will eye for the previous month’s bottom surrounding the 0.7000 threshold. Meanwhile, an upside break of 21-day SMA near 0.7195 will have to cross a descending resistance line from January 06, close to 0.7235, before attacking the monthly top of 0.7316. To sum up, NZD/USD consolidates heavy gains marked since October 2020 and hence any declines above December low are less likely to change the bullish trend. NZD/USD daily chart Trend: Bullish 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 USD/JPY extends the upside in firmly bullish technicals FX Street 1 year NZD/USD refreshes intraday low amid the latest decline. Bearish MACD, failures to cross immediate SMA direct sellers to 50-day SMA re-test. NZD/USD drops to the fresh daily low of 0.7161, currently down 0.23% intraday around 0.7168, amid Friday’s Asian trading session. In doing so, the kiwi pair stretches the previous day’s pullback from 21-day SMA amid bearish MACD. As a result, NZD/USD sellers are targeting the 50-day SMA, at 0.7125, during further declines. Though, the monthly low around 0.7100 can test the short-term bears afterward. It should be noted that the quote’s sustained downside past-0.7100 will eye for the previous… 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.
