NZD/USD respects 0.6500 support despite multiple failures to cross short-term horizontal area. Overbought RSI conditions suggest bears rolling up their sleeves for entries. Bulls can quickly cross June month’s top on the break of 0.6540. NZD/USD flirts with an intraday top of 0.6519 while taking rounds to 0.6515 during the early Friday. In doing so, the pair stays near the higher end of trading moves followed since June 10. However, nearly overbought RSI conditions signal the pair’s pullback. As a result, sellers await a clear break below 0.6500 to aim for 0.6450. Though, the mention range’s support around 0.6385 might challenge the bears afterward. Other than 0.6385, a 200-bar SMA level of 0.6370 also offers strong downside support, a break of which could drag the quote to late-May tops near 0.6330. Should the bulls refrain from stepping back and clear 0.6535/40 resistance, June month top near 0.6585 might not be able to stop the upside towards 0.6600 threshold. 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 Renowned analyst predicts Bitcoin to outperform altcoins in 2021 FX Street 3 years NZD/USD respects 0.6500 support despite multiple failures to cross short-term horizontal area. Overbought RSI conditions suggest bears rolling up their sleeves for entries. Bulls can quickly cross June month’s top on the break of 0.6540. NZD/USD flirts with an intraday top of 0.6519 while taking rounds to 0.6515 during the early Friday. In doing so, the pair stays near the higher end of trading moves followed since June 10. However, nearly overbought RSI conditions signal the pair’s pullback. As a result, sellers await a clear break below 0.6500 to aim for 0.6450. Though, the mention range’s support around 0.6385 might… 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.
