“¢ The pair, over the past 1-1/2 week or so, has been drifting lower, but finding decent support at a downward sloping trend-line on the 1-hourly chart. “¢ Barring a few knee-jerk spikes, the corrective bounces have failed to lift the pair beyond an important confluence hurdle, comprising of 50-hour SMA and another descending trend-line. “¢ Meanwhile, technical indicators on the mentioned chart have started recovering from the negative territory and seemed to support prospects for a fresh attempt towards clearing the said barrier. “¢ However, a convincing break below the lower trend-line support will point to a fresh bearish breakdown and pave the way for an extension of the pair’s near-term bearish trajectory. NZD/USD 1-hourly chart Spot Rate: 0.6598 Daily High: 0.6615 Daily Low: 0.6575 Trend: Intraday bullish until holds above trend-line support Resistance R1: 0.6610 (50-period SMA H1) R2: 0.6629 (overnight swing high) R3: 0.6645 (R2 daily pivot-point) Support S1: 0.6575 (current day swing low) S2: 0.6540 (horizontal zone) S3: 0.6524 (recent daily closing 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 Ethereum Technical Analysis: ETH/USD danger still looms of a possible fast move below $200, given rising wedge pattern FX Street 4 years "¢ The pair, over the past 1-1/2 week or so, has been drifting lower, but finding decent support at a downward sloping trend-line on the 1-hourly chart. "¢ Barring a few knee-jerk spikes, the corrective bounces have failed to lift the pair beyond an important confluence hurdle, comprising of 50-hour SMA and another descending trend-line. "¢ Meanwhile, technical indicators on the mentioned chart have started recovering from the negative territory and seemed to support prospects for a fresh attempt towards clearing the said barrier. "¢ However, a convincing break below… 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.
