NZD/USD keeps the pullback moves from 21-day EMA. Tops marked on June 16 and 23 offer intermediate halt ahead of the monthly peak. 200-day EMA becomes the strong support ahead of key Fibonacci retracements. Comments from New Zealand Treasury favored the latest upside. NZD/USD rises to 0.6432, intraday high of 0.6438, amid initial trading hours on Friday. The kiwi pair recently benefited from upbeat comments of New Zealand’s Treasury while extending recovery moves from 21-day EMA. Though multiple upside resistances question the bulls. Among them, June 16 high around 0.6510 becomes the first one challenge further rise, a break of which could escalate the run-up towards Tuesday’s top of 0.6534. If at all there prevails further rise past-0.6534, the monthly high of 0.6585 and 0.6600 round-figure could flash on their radars. On the downside, a daily closing below 21-day EMA level of 0.6400 can fetch the quote towards 0.6323 key support comprising 200-day. However, any further weakness might not refrain from challenging May 27 top near 0.6230. NZD/USD daily chart Trend: Further recovery expected 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 AUD/JPY reverses losses as Asian stocks rise FX Street 2 years NZD/USD keeps the pullback moves from 21-day EMA. Tops marked on June 16 and 23 offer intermediate halt ahead of the monthly peak. 200-day EMA becomes the strong support ahead of key Fibonacci retracements. Comments from New Zealand Treasury favored the latest upside. NZD/USD rises to 0.6432, intraday high of 0.6438, amid initial trading hours on Friday. The kiwi pair recently benefited from upbeat comments of New Zealand’s Treasury while extending recovery moves from 21-day EMA. Though multiple upside resistances question the bulls. Among them, June 16 high around 0.6510 becomes the first one challenge further rise, a break of… 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.
