The NZD/USD has created a basing pattern along the 100-hour moving average (MA) in the last 20 hours and could pop out of the falling wedge pattern soon. A bullish falling wedge breakout would signal a resumption of the rally from the recent low of 0.6826 and will likely yield a convincing break above resistance at 0.6921 (hourly 200-MA). Hourly chart Spot Rate: 0.6894 Daily High: 0.6902 Daily Low: 0.6883 Trend: Bullish Resistance 0.69 (50-hour MA) 0.6921 (100-hour MA + 10-day MA) 0.6991 (50-day MA) Support 0.6884 (5-day MA) 0.6851 (May 16 low) 0.6826 (June 21 low) 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 NZIER recommends no change to RNBZ cash rate FX Street 3 years The NZD/USD has created a basing pattern along the 100-hour moving average (MA) in the last 20 hours and could pop out of the falling wedge pattern soon. A bullish falling wedge breakout would signal a resumption of the rally from the recent low of 0.6826 and will likely yield a convincing break above resistance at 0.6921 (hourly 200-MA). Hourly chart Spot Rate: 0.6894 Daily High: 0.6902 Daily Low: 0.6883 Trend: Bullish Resistance 0.69 (50-hour MA) 0.6921 (100-hour MA + 10-day MA) 0.6991 (50-day MA) Support 0.6884 (5-day MA) 0.6851 (May 16 low) 0.6826 (June 21 low) 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.
