NZD/USD struggles for a clear direction below 100-day EMA. 50-day EMA, 61.8% Fibonacci retracement limits immediate downside. April top adds to the upside barrier. NZD/USD again attempts recovery towards 0.6100 while bouncing off 0.6083 during Monday’s Asian session. Even so, the pair stays below 100-day EMA after the recent two-day losing streak. While the pair’s repeated failures to break 100-day EMA keeps the sellers hopeful, a clear downside below 0.6080/75 support confluence, comprising 50-day EMA and 61.8% Fibonacci retracement of March month fall, becomes the key for fresh entry. If at all the NZD/USD prices slip below 0.6075, 0.6000 could gain the bears’ attention ahead of the monthly low near 0.5920. Alternatively, an upside clearance of a 100-day EMA level of 0.6170 could propel the quote towards April month high nearing 0.6175/80. NZD/USD daily chart Trend: Sideways 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 Australia’s exports fell 12% in April FX Street 3 years NZD/USD struggles for a clear direction below 100-day EMA. 50-day EMA, 61.8% Fibonacci retracement limits immediate downside. April top adds to the upside barrier. NZD/USD again attempts recovery towards 0.6100 while bouncing off 0.6083 during Monday’s Asian session. Even so, the pair stays below 100-day EMA after the recent two-day losing streak. While the pair’s repeated failures to break 100-day EMA keeps the sellers hopeful, a clear downside below 0.6080/75 support confluence, comprising 50-day EMA and 61.8% Fibonacci retracement of March month fall, becomes the key for fresh entry. If at all the NZD/USD prices slip below 0.6075, 0.6000 could… 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.
