NZD/USD snaps four-day winning streak after RBNZ comments. MACD turns the most bearish in a week as sellers dominate below the key Fibonacci retracement levels. 200-bar SMA on the bears’ radar, 0.6800 can lure the bulls during the fresh rise. NZD/USD drops to 0.6693, down 0.58% intraday, after RBNZ’s stress test conveyed the severity of coronavirus (COVID-19) led economic conditions during early Thursday. In doing so, the pair broke an ascending trend line from September 08 while slipping below 61.8% and 50% of the Fibonacci retracement of September 02-08 downside. Read: Banks stress test outcome reinforces need tor strong capital buffers – RBNZ As a result, the sellers are preparing to revisit a 200-bar SMA level of 0.6637 before targeting the monthly low near 0.6600. However, an extended break of the trend line, at 0.6689 now, becomes necessary to confirm NZD/USD weakness. Meanwhile, the key Fibonacci retracement levels can offer immediate resistances around 0.6695 and 0.6720 ahead of the recent high near 0.6760. Though, any further upside past-0.6760 will depends upon how well the bulls manage to cross the monthly high of 0.6790 and remain strong beyond the 0.6800 threshold. NZD/USD four-hour chart Trend: Bearish 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 BOE to remain on hold, hint at future easing – Scotiabank FX Street 2 years NZD/USD snaps four-day winning streak after RBNZ comments. MACD turns the most bearish in a week as sellers dominate below the key Fibonacci retracement levels. 200-bar SMA on the bears’ radar, 0.6800 can lure the bulls during the fresh rise. NZD/USD drops to 0.6693, down 0.58% intraday, after RBNZ’s stress test conveyed the severity of coronavirus (COVID-19) led economic conditions during early Thursday. In doing so, the pair broke an ascending trend line from September 08 while slipping below 61.8% and 50% of the Fibonacci retracement of September 02-08 downside. Read: Banks stress test outcome reinforces need tor strong capital buffers… 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.