NZD/USD keeps recovery moves from 0.6755 despite Friday’s bearish candlestick. The 0.6700 threshold, 21-day SMA offer immediate support. A seven-week-old resistance line can lure the buyers before latest highs. NZD/USD takes the bids near 0.6775, up 0.23% on a day, during the early Monday. In doing so, the kiwi pair defies Friday’s bearish candlestick formation amid bullish MACD. However, buyers will remain cautious unless the pair crosses the latest top near 0.6800, a break of which will direct NZD/USD towards an ascending trend line from July 31, at 0.6831 now. In a case where the bulls remain dominant past-0.6830, April 2019 top near 0.6840 and the 0.6900 may return to the charts. Alternatively, 0.6700 and 21-day SMA level of 0.6691 can restrict the near-term downside of NZD/USD. During the pair’s additional weakness below 0.6691, the monthly bottom surrounding 0.6600 should be the key to watch. NZD/USD daily 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 FXStreet News share Read Next UK’s Hancock: Second national lockdown possible, prepared to take action FX Street 1 year NZD/USD keeps recovery moves from 0.6755 despite Friday’s bearish candlestick. The 0.6700 threshold, 21-day SMA offer immediate support. A seven-week-old resistance line can lure the buyers before latest highs. NZD/USD takes the bids near 0.6775, up 0.23% on a day, during the early Monday. In doing so, the kiwi pair defies Friday’s bearish candlestick formation amid bullish MACD. However, buyers will remain cautious unless the pair crosses the latest top near 0.6800, a break of which will direct NZD/USD towards an ascending trend line from July 31, at 0.6831 now. In a case where the bulls remain dominant past-0.6830, April… 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.
