“¢ Repeated rejection near 20-day SMA constituted towards the formation of a bearish double-top chart pattern on the hourly chart. “¢ US-China trade tensions exert some fresh selling and drag the pair below 0.6800 handle, confirming a break below the neckline support of the bearish formation. “¢ Short-term technical indicators hold in negative territory and further reinforce prospects for an extension of the ongoing downfall. NZD/USD 1-hourly chart Spot Rate: 0.6799 Daily High: 0.6835 Trend: Bearish Resistance R1: 0.6835 (current day swing high) R2: 0.6859 (1-1/2 week tops set on Monday) R3: 0.6886 (R2 daily pivot-point) Support S1: 0.6782 (S2 daily pivot-point) S2: 0.6750 (horizontal zone) S3: 0.6714 (recent multi-month 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 WTI: Bears target $ 73 mark ahead of EIA data FX Street 3 years "¢ Repeated rejection near 20-day SMA constituted towards the formation of a bearish double-top chart pattern on the hourly chart. "¢ US-China trade tensions exert some fresh selling and drag the pair below 0.6800 handle, confirming a break below the neckline support of the bearish formation. "¢ Short-term technical indicators hold in negative territory and further reinforce prospects for an extension of the ongoing downfall. NZD/USD 1-hourly chart Spot Rate: 0.6799 Daily High: 0.6835 Trend: Bearish Resistance R1: 0.6835 (current day swing high) R2: 0.6859 (1-1/2 week tops set on Monday) R3:… 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.
