NZD/USD is defending the 100-hour MA support in Asia. A close above 0.6447 is needed for bullish continuation. NZD/USD is currently trading at 0.6414, having hit session lows just below the 100-hour moving average (MA) of 0.6409 soon before press time. While the defense of the 100-day MA is encouraging, a bullish continuation (resumption of the rally from the recent low of 0.6269) would be confirmed only if the pair closes above 0.6447. Note that the 0.6441-0.6447 range proved a tough nut to crack in the last three days. A close above 0.6447, if confirmed, would expose the next resistance lined up at 0.6482 (May 23 low) and 0.6519 (50-day MA). The probability of the pair closing above 0.6447 would rise if the current bounce from the 100-day MA clears the hourly chart bearish lower highs setup with a move above 0.6427. Hourly chart Trend: Bullish above 0.6447 Pivot points 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 RBA: Implementation of unconventional policy unlikely – Bloomberg FX Street 4 years NZD/USD is defending the 100-hour MA support in Asia. A close above 0.6447 is needed for bullish continuation. NZD/USD is currently trading at 0.6414, having hit session lows just below the 100-hour moving average (MA) of 0.6409 soon before press time. While the defense of the 100-day MA is encouraging, a bullish continuation (resumption of the rally from the recent low of 0.6269) would be confirmed only if the pair closes above 0.6447. Note that the 0.6441-0.6447 range proved a tough nut to crack in the last three days. A close above 0.6447, if confirmed,… 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.
