NZD/USD seesaws near the two-week high after flashing intraday peak of 0.6780. Sustained trading beyond 21-day SMA keeps the buyers hopeful. Ascending trend lines from July and June may question run-up beyond 0.6800. NZD/USD bulls catch a breather around 0.6770, up 0.23% on a day, during the early Friday’s trading. The kiwi pair earlier surged to 0.6780 and refreshed the highest since September 02. The current up-moves take clues from the successful trading above 21-day SMA and an absence of overbought RSI conditions. As a result, buyers are targeting a monthly high of 0.6790 and 0.6800 during the further rise. However, the anticipated overbought conditions in the RSI around 0.6800 may probe the bulls afterward, if not then upward sloping trend lines from July 31 and June 09, respectively around 0.6825 and 0.6840, will be the key to watch. Meanwhile, the July month’s high around 0.6715 can question NZD/USD pullback ahead of 21-day SMA and 50-day SMA supports, currently around 0.6680 and 0.6635 in that order. Additionally, an ascending support line from May 15, at 0.6660, also becomes an important level to watch during the quote’s weakness below 0.6715. 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 Oil producers reboot idle Gulf of Mexico rigs after five days – Reuters FX Street 1 year NZD/USD seesaws near the two-week high after flashing intraday peak of 0.6780. Sustained trading beyond 21-day SMA keeps the buyers hopeful. Ascending trend lines from July and June may question run-up beyond 0.6800. NZD/USD bulls catch a breather around 0.6770, up 0.23% on a day, during the early Friday’s trading. The kiwi pair earlier surged to 0.6780 and refreshed the highest since September 02. The current up-moves take clues from the successful trading above 21-day SMA and an absence of overbought RSI conditions. As a result, buyers are targeting a monthly high of 0.6790 and 0.6800 during the further rise.… 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.
