“¢ The pair’s overnight bullish momentum stalled near an important resistance, marked by over two-week old descending trend-line held since the early part of this month. “¢ Technical indicators on the 1-hourly chart have struggled to gain any meaningful positive momentum and hence, it would be prudent to wait for a convincing breakthrough the mentioned barrier before positioning for additional gains. “¢ Sustained weakness below 100/200-hour SMA confluence region would negate prospects for any further up-move and pave the way for a fall back towards the 0.6700 neighborhood. NZD/USD 1-hourly chart Spot rate: 0.6804 Daily Low: 0.6786 Daily High: 0.6812 Trend: Bullish only above trend-line resistance Resistance R1: 0.6818 (descending trend-line hurdle) R2: 0.6859 (monthly high set on July 9) R3: 0.6900 (round figure mark) Support S1: 0.6780 (200-period SMA H1) S2: 0.6747 (S2 daily pivot-point) S3: 0.6720 (last Friday’s swing 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 Germany: Ifo Business Climate Survey to decline to 100.9 in July – Nomura FX Street 5 years "¢ The pair's overnight bullish momentum stalled near an important resistance, marked by over two-week old descending trend-line held since the early part of this month. "¢ Technical indicators on the 1-hourly chart have struggled to gain any meaningful positive momentum and hence, it would be prudent to wait for a convincing breakthrough the mentioned barrier before positioning for additional gains. "¢ Sustained weakness below 100/200-hour SMA confluence region would negate prospects for any further up-move and pave the way for a fall back towards the 0.6700 neighborhood. NZD/USD 1-hourly chart Spot… 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.
