NZD/USD trades near 0.7089 versus 0.7013 early Monday. Charts indicate uptrend fatigue and scope for a pullback. NZD/USD’s rally from the early November low of 0.66 looks to have paused near 0.71. The pair has repeatedly struggled to establish a foothold above that psychological hurdle since Dec. 3. The pair is currently trading near 0.7088, having printed a session high of 0.7013 early Monday. Rejections at 0.71, particularly the ones seen following Thursday’s bullish marubozu candle, indicate uptrend exhaustion and scope for a pullback. The failed channel breakout seen on the 4-hour chart is also conveying a similar message. Support is seen at 0.7060 (10-day SMA), followed by 0.70. Meanwhile, resistance is located at 0.7113 (Friday’s high). A close higher would signal a continuation of the rally from November lows near 0.66./ Daily chart Trend: Neutral Technical levels 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 AUD/USD Price Analysis: Bounces off 50-HMA to stay above 0.7500 FX Street 2 years NZD/USD trades near 0.7089 versus 0.7013 early Monday. Charts indicate uptrend fatigue and scope for a pullback. NZD/USD's rally from the early November low of 0.66 looks to have paused near 0.71. The pair has repeatedly struggled to establish a foothold above that psychological hurdle since Dec. 3. The pair is currently trading near 0.7088, having printed a session high of 0.7013 early Monday. Rejections at 0.71, particularly the ones seen following Thursday's bullish marubozu candle, indicate uptrend exhaustion and scope for a pullback. The failed channel breakout seen on the 4-hour chart is also conveying a similar message. 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.
