NZD/USD slips from the daily top of 0.6194 after New Zealand’s ANZ Business Confidence and Activity Outlook data. Weekly support line and Wednesday’s low keep buyers hopeful. 200-day EMA on the daily chart becomes strong upside resistance. NZD/USD drops to 0.6180 after New Zealand’s (NZ) second-tier data flashed during Thursday’s Asian session. The ANZ Business Confidence came out at better than -86.3 forecast and -45.6 prior to -41.8 whereas ANZ Activity Outlook also recovered from -73.2 expected to -38.7. Despite stepping back, the Kiwi pair stays above short-term support line, at 0.6165, a break of which can drag the quote to the previous day’s low near 0.6150. However, a confluence of 100-HMA and 61.8% Fibonacci retracement of May 22-27 upside, around 0.6140, could restrict the Aussie pair’s further downside. On the upside, buyers may remain cautious ahead of refreshing the monthly top near 0.6235. Though, a sustained break above 0.6235 enables the NZD/USD optimists to probe a 200-day EMA level near 0.6300. NZD/USD hourly 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 How do experts view financial conflict of top two economies? – The Global Times FX Street 3 years NZD/USD slips from the daily top of 0.6194 after New Zealand’s ANZ Business Confidence and Activity Outlook data. Weekly support line and Wednesday’s low keep buyers hopeful. 200-day EMA on the daily chart becomes strong upside resistance. NZD/USD drops to 0.6180 after New Zealand’s (NZ) second-tier data flashed during Thursday’s Asian session. The ANZ Business Confidence came out at better than -86.3 forecast and -45.6 prior to -41.8 whereas ANZ Activity Outlook also recovered from -73.2 expected to -38.7. Despite stepping back, the Kiwi pair stays above short-term support line, at 0.6165, a break of which can drag the quote… 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.
