A descending trend-line since March 26 continues to be a tough nut for bulls. The further downside can recall October 2018 bottom. Following its recovery, NZD/USD is trading near 0.6600 ahead of the European session on Friday. However, the pair still trades beneath 0.6620 trend-line resistances that is being stretched since March 26. Should prices rise beyond 0.6620 upside barrier, 38.2% Fibonacci retracement of its declines since March and multiple highs from April 23 at 0.6680 can gain buyers’ attention. Also, the pair’s successful trading above 0.6680 enables it to target 0.6715 and 61.8% Fibonacci retracement close to 0.6780. Alternatively, 0.6570 and 0.6525 can entertain sellers for the time being. If at all bears rule trade sentiment under 0.6525, 0.6470 can offer an intermediate halt before October 2018 low around 0.6420 grab market attention. 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 USD/JPY: Erasing corrective bounce to 110.00, tracking the drop in S&P 500 futures FX Street 3 years A descending trend-line since March 26 continues to be a tough nut for bulls. The further downside can recall October 2018 bottom. Following its recovery, NZD/USD is trading near 0.6600 ahead of the European session on Friday. However, the pair still trades beneath 0.6620 trend-line resistances that is being stretched since March 26. Should prices rise beyond 0.6620 upside barrier, 38.2% Fibonacci retracement of its declines since March and multiple highs from April 23 at 0.6680 can gain buyers' attention. Also, the pair's successful trading above 0.6680 enables it to target 0.6715 and 61.8% Fibonacci retracement close to 0.6780. Alternatively,… 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.
