NZD/USD stays on the bids for the third consecutive day. A sustained break of 50-day EMA, 61.8% Fibonacci retracement keeps buyers hopeful. 100-day EMA adds to the upside barriers. NZD/USD takes the bids near 0.6105/10, up 0.50% on a day, amid the pre-European session on Wednesday. In doing so, the kiwi pair maintains its break of a joint comprising 50-day EMA and 61.8% Fibonacci retracement of March month fall. As a result, buyers seem to target a falling trend line from April 30, at 0.6135 now, ahead of confronting the 100-day EMA figures around 0.6175. If at all the NZD/USD prices remain positive beyond 0.6175, February month low near 0.6195 can offer an intermediate halt during the rise to March top surrounding 0.6450. On the contrary, the pair’s daily closing below 0.6075 support confluence can recall 0.600 round-figures on the charts. However, 50% of Fibonacci retracement and the monthly bottom could check further downside around 0.5960 and 0.5920 respectively. NZD/USD daily 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 GBP/USD holds steady above mid-1.2200s, moves little post-UK CPI FX Street 2 years NZD/USD stays on the bids for the third consecutive day. A sustained break of 50-day EMA, 61.8% Fibonacci retracement keeps buyers hopeful. 100-day EMA adds to the upside barriers. NZD/USD takes the bids near 0.6105/10, up 0.50% on a day, amid the pre-European session on Wednesday. In doing so, the kiwi pair maintains its break of a joint comprising 50-day EMA and 61.8% Fibonacci retracement of March month fall. As a result, buyers seem to target a falling trend line from April 30, at 0.6135 now, ahead of confronting the 100-day EMA figures around 0.6175. If at all the NZD/USD… 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.
