NZD/USD rises to fresh high since April 25, 2018. Sustained trading beyond the key SMA and trend line resistances join bullish MACD to favor buyers. 0.7000 threshold offers immediate support, bears will remain cautious unless breaking 200-week SMA. NZD/USD rose to the highest in 31 months while recently flashing 0.7114 as the intraday top. The quote currently trades near 0.7105, up 0.15% on a day, during early Friday. Although NZD/USD advances for the sixth consecutive week, its ability to stay positive beyond the key SMAs and resistance lines, coupled with bullish MACD, indicates further north-run towards March 2018 low near 0.7150. In a case where the kiwi bulls dominate past-0.7151, February 2017 peak surrounding 0.7375 may gain major attention. Meanwhile, the 0.7000 round-figure restricts the quote’s pullback moves ahead of an upward sloping trend line from March 2020, at 0.6980 now. Even if the NZD/USD sellers sneak in below 0.6980, a descending support line from July 2017 and 200-week SMA, respectively around 0.6820 and 0.6765, will be the tough nuts to crack for them. NZD/USD weekly 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 Dollar Index eyes third straight weekly loss FX Street 2 years NZD/USD rises to fresh high since April 25, 2018. Sustained trading beyond the key SMA and trend line resistances join bullish MACD to favor buyers. 0.7000 threshold offers immediate support, bears will remain cautious unless breaking 200-week SMA. NZD/USD rose to the highest in 31 months while recently flashing 0.7114 as the intraday top. The quote currently trades near 0.7105, up 0.15% on a day, during early Friday. Although NZD/USD advances for the sixth consecutive week, its ability to stay positive beyond the key SMAs and resistance lines, coupled with bullish MACD, indicates further north-run towards March 2018 low near… 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.
