NZD/USD trades near 0.6870 during the initial Asian sessions on Thursday. The quote recently surged past seven-week-old descending resistance-line, at 0.6870, but is still behind the nine-month-old downward sloping trend-line stretched since June 2018, at 0.6920, ahead of the New Zealand Q4 2018 GDP. Forecasts suggest 0.6% QoQ growth over 0.3% prior with 2.5% YoY increase versus 2.6% earlier. Should Kiwi economy manage to please bulls with better growth numbers helping pair to cross 0.6920 barrier, 0.6970 becomes a small halt during the price rally to 0.7000 round-figure. In a case prices rally beyond 0.7000, chances of June highs near 0.7060 to come back on the chart can’t be denied. Though, 0.7020/25 can act as a buffer during the rise. On the downside, 0.6870 and 0.6825 are likely immediate supports for the pair ahead of highlighting 61.8% Fibonacci retracement level of June – October decline at 0.6815. During the pair’s additional weakness under 0.6815, 0.6800 and an ascending supportline joining January – March lows at 0.6770 can please sellers. Moreover, bears’ dominance under 0.6770 might be challenged by 0.6740/35 support confluence including 200-day simple moving average (SMA) and 50% Fibo, if not then 0.6730 support-line can gain market attention. NZD/USD daily chart 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 GBP/USD Technical Analysis: Cable back below 1.3200 handle as Brexit gets delayed FX Street 4 years NZD/USD trades near 0.6870 during the initial Asian sessions on Thursday. The quote recently surged past seven-week-old descending resistance-line, at 0.6870, but is still behind the nine-month-old downward sloping trend-line stretched since June 2018, at 0.6920, ahead of the New Zealand Q4 2018 GDP. Forecasts suggest 0.6% QoQ growth over 0.3% prior with 2.5% YoY increase versus 2.6% earlier. Should Kiwi economy manage to please bulls with better growth numbers helping pair to cross 0.6920 barrier, 0.6970 becomes a small halt during the price rally to 0.7000 round-figure. In a case prices rally beyond 0.7000, chances of June highs near… 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.