“¢ Struggles to build on Friday’s goodish rebound despite the ongoing USD retracement and remains sensitive to the US-China trade rhetoric. “¢ With short-term technical indicators already in bearish territory, weakness below 50-hour SMA points to a resumption of the prior depreciating slide. “¢ A decisive break below an important horizontal support would reinforce the bearish bias and turn the pair vulnerable to accelerate the downfall. NZD/USD 1-hourly chart Current Price: 0.6892 Daily High: 0.6922 Trend: Turning bearish Resistance R1: 0.6922 (current day swing high) R2: 0.6963 (R2 daily pivot-point) R3: 0.7017 (50-day SMA) Support S1: 0.6869 (S1 daily pivot-point) S2: 0.6826 (last Thursday’s swing low) S3: 0.6780 (2017 yearly lows set in Nov.) 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/CAD Technical Analysis: Loonie sidelined above 1.3270 FX Street 3 years "¢ Struggles to build on Friday's goodish rebound despite the ongoing USD retracement and remains sensitive to the US-China trade rhetoric. "¢ With short-term technical indicators already in bearish territory, weakness below 50-hour SMA points to a resumption of the prior depreciating slide. "¢ A decisive break below an important horizontal support would reinforce the bearish bias and turn the pair vulnerable to accelerate the downfall. NZD/USD 1-hourly chart Current Price: 0.6892 Daily High: 0.6922 Trend: Turning bearish Resistance R1: 0.6922 (current day swing high) R2: 0.6963 (R2 daily pivot-point) R3: 0.7017 (50-day SMA)… Top 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.
