NZD/USD struggles to extend the three-day winning streak. 200-bar SMA, 61.8% Fibonacci retracement add to the upside barriers. Ascending trend line from late-March limit near-term declines. Having surged for three consecutive days, NZD/USD seesaws around short-term resistance line while trading near 0.6010 amid the early Thursday. Also favoring the odds of a pullback is the RSI condition that’s adjacent to the overbought area. Hence, the kiwi pair is expected to take a U-turn towards 50% Fibonacci retracement of early-March fall, near 0.5995. Though, the pair’s declines below the key Fibonacci might find it hard to sustain considering the presence of two ascending trend lines from March 19 and March 26, respectively around 0.5940 and 0.5880. Meanwhile, 200-bar SMA and 61.8% of Fibonacci retracement, near 0.6060 and 0.6075 in that order, could keep the buyers in check. If at all NZD/USD prices manage to cross 0.6075, 0.6130 and 0.6160 will be on the bulls’ radars. NZD/USD four-hour 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 Aichi Prefecture asks govt to place it under state of emergency over coronavirus – Japan Times FX Street 2 years NZD/USD struggles to extend the three-day winning streak. 200-bar SMA, 61.8% Fibonacci retracement add to the upside barriers. Ascending trend line from late-March limit near-term declines. Having surged for three consecutive days, NZD/USD seesaws around short-term resistance line while trading near 0.6010 amid the early Thursday. Also favoring the odds of a pullback is the RSI condition that’s adjacent to the overbought area. Hence, the kiwi pair is expected to take a U-turn towards 50% Fibonacci retracement of early-March fall, near 0.5995. Though, the pair’s declines below the key Fibonacci might find it hard to sustain considering the presence of… 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.
