NZD/USD trades near 0.6875 during early Monday. The pair recently bounced off the eight-week-old descending trend-line (previous resistance) signaling buyers’ hold over the pair. Should prices manage to sustain the latest uptick, late-February highs around 0.6900 could reappear on the chart. However, a downward sloping trendline joining highs marked since June 2018 could challenge buyers around 0.6920. In a case quote rises past-0.6920, recent high near 0.6940 and 61.8% Fibonacci expansion of latest moves, around 0.6980, can please bulls. On the downside break of 0.6860, 0.6825 and 0.6800 could lure bears whereas two-month-old ascending support-line at 0.6755, may question their strength afterward. During additional declines under 0.6755, 0.6720 and 0.6700 might come back as quotes. NZD/USD 4-Hour chart 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 Fed’s Evans: Do not expect rate increase until H2 next year FX Street 4 years NZD/USD trades near 0.6875 during early Monday. The pair recently bounced off the eight-week-old descending trend-line (previous resistance) signaling buyers' hold over the pair. Should prices manage to sustain the latest uptick, late-February highs around 0.6900 could reappear on the chart. However, a downward sloping trendline joining highs marked since June 2018 could challenge buyers around 0.6920. In a case quote rises past-0.6920, recent high near 0.6940 and 61.8% Fibonacci expansion of latest moves, around 0.6980, can please bulls. On the downside break of 0.6860, 0.6825 and 0.6800 could lure bears whereas two-month-old ascending support-line at 0.6755, may question their… 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.
