Upbeat New Zealand trade data broke immediate trend-line resistance. 0.6700 resistance-line still stands tall to challenge buyers. NZD/USD broke a week-long descending trend-line after New Zealand trade balance data flashed better than forecast figures on early Friday and triggered the pair’s recovery towards current 0.6640 level. Should the pair manage to hold the latest pullback, 0.6670 can offer an intermediate halt during its rise to a downward sloping trend-line at 0.6700 that’s likely a tough nut to crack. In a case prices rally past-0.6700, 0.6715 and 0.6780 could please buyers. Alternatively, the pair’s failure to hold the strength can recall 0.6600 and 0.6580 back on the chart. Also, bears’ dominance below 0.6580 may shift market attention to October 2018 lows near 0.6510. NZD/USD 4-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 China’s Presi. Xi: Will not pursue Yuan depreciation that harms others FX Street 4 years Upbeat New Zealand trade data broke immediate trend-line resistance. 0.6700 resistance-line still stands tall to challenge buyers. NZD/USD broke a week-long descending trend-line after New Zealand trade balance data flashed better than forecast figures on early Friday and triggered the pair's recovery towards current 0.6640 level. Should the pair manage to hold the latest pullback, 0.6670 can offer an intermediate halt during its rise to a downward sloping trend-line at 0.6700 that's likely a tough nut to crack. In a case prices rally past-0.6700, 0.6715 and 0.6780 could please buyers. Alternatively, the pair's failure to hold the strength 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.
