NZD/USD flashes fresh low of the month by being near 0.6620 after Australia’s sluggish inflation data also negatively affected the New Zealand Dollar (NZD) because of their trade ties. The pair has already dipped beneath 61.8% Fibonacci retracement of its October to December 2018 upside, signaling brighter chances of further declines towards late-October highs near 0.6610 followed by January month low around 0.6585. If at all the quote continues trading southward under 0.6585, 0.6570, 0.6510 and 0.6470 may offer intermediate halts during the further downpour to 0.6420. Alternatively, an upside clearance above 61.8% Fibonacci retracement level of 0.6630 can recall 0.6670 and 50% Fibonacci retracement near 0.6700. However, 0.6700-0.6710 area and 0.6730 resistance-confluence comprising 200-day SMA and a month old descending trend-line could challenge buyers then after. NZD/USD daily 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 AUD/USD: Premium for put options rises with the weak Aussie CPI release FX Street 4 years NZD/USD flashes fresh low of the month by being near 0.6620 after Australia's sluggish inflation data also negatively affected the New Zealand Dollar (NZD) because of their trade ties. The pair has already dipped beneath 61.8% Fibonacci retracement of its October to December 2018 upside, signaling brighter chances of further declines towards late-October highs near 0.6610 followed by January month low around 0.6585. If at all the quote continues trading southward under 0.6585, 0.6570, 0.6510 and 0.6470 may offer intermediate halts during the further downpour to 0.6420. Alternatively, an upside clearance above 61.8% Fibonacci retracement level of 0.6630 can recall… 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.
