NZD/USD registers decline for the fourth day in a row after Wednesday’s Dragonfly Doji. A fortnight-long descending trend line guards the immediate recovery, 0.6400 can offer intermediate halt to the monthly bottom. NZD/USD seesaws around 0.6415 while heading into the European open on Tuesday. Even so, the pair stays below short-term horizontal support. As a result, sellers can take aim at the monthly lows near 0.6375 during the further declines, as indicated by the bearish MACD. However, the 0.6400 round-figure can offer an intermediate halt. If at all NZD/USD prices keep declining below 0.6375, November month bottom surrounding 0.6315 and 0.6300 could become the bears’ favorites. Alternatively, the pair’s pullback moves beyond 0.6420 support-turned-resistance needs to cross the two-week-old falling trend line, at 0.6475 now, to challenge the monthly top close to 0.6500. 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 Indonesia: Measuring the probable impact of the coronavirus – UOB FX Street 2 years NZD/USD registers decline for the fourth day in a row after Wednesday’s Dragonfly Doji. A fortnight-long descending trend line guards the immediate recovery, 0.6400 can offer intermediate halt to the monthly bottom. NZD/USD seesaws around 0.6415 while heading into the European open on Tuesday. Even so, the pair stays below short-term horizontal support. As a result, sellers can take aim at the monthly lows near 0.6375 during the further declines, as indicated by the bearish MACD. However, the 0.6400 round-figure can offer an intermediate halt. If at all NZD/USD prices keep declining below 0.6375, November month bottom surrounding 0.6315 and… 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.
