NZD/USD pulls back after refreshing three-week top, stays positive on intraday basis. 50-day, 100-day SMAs guard immediate upside even as MACD flashes the strongest bullish signals in seven weeks. Late March top adds to the upside filters, bears need a downside break of previous resistance for fresh entries. NZD/USD trims early Asian gains while easing to 0.7141 during Thursday’s initial trading. The kiwi pair recently rose to the fresh high since March 23 before stepping back from 0.7159. In doing so, the quote respects 50-day and 100-day SMA hurdles after the quote rose the most in two months the previous day. However, MACD is still the strongest in seven weeks and hence odds of the pair’s upside break of the key SMAs around 0.7150-60 are high. Following that, the 0.7200 threshold and March 18 top near 0.7270 should lure NZD/USD bulls. Meanwhile, pullback moves may eye the 0.7100 round-figure ahead of the early-month tops near 0.7070. Though, any further weakness will be tamed by the previous resistance line from February 25, around 0.7012, followed by the 0.7000 psychological magnet. 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 Cardano Price Prediction: ADA resets before the next leg up to new all-time highs FX Street 2 years NZD/USD pulls back after refreshing three-week top, stays positive on intraday basis. 50-day, 100-day SMAs guard immediate upside even as MACD flashes the strongest bullish signals in seven weeks. Late March top adds to the upside filters, bears need a downside break of previous resistance for fresh entries. NZD/USD trims early Asian gains while easing to 0.7141 during Thursday's initial trading. The kiwi pair recently rose to the fresh high since March 23 before stepping back from 0.7159. In doing so, the quote respects 50-day and 100-day SMA hurdles after the quote rose the most in two months 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.
