The main feature of the week is the 140-pip bull run which comes after the Kiwi has been in a strong bear trend in the last weeks. This Wednesday was the best daily advance since mid-February as the bulls are trying to reverse the current bear trend. In order to confirm a reversal, bulls will need to break above the 200-period simple moving average on the 4-hour chart which is located near the current week’s high at 0.7025. This is the first bullish week in the last six suggesting kiwi bulls are starting to wake up. NZD/USD weekly chart Spot rate: 0.6980 Relative change: -0.23% High: 0.7021 Low: 0.6960 Trend: Neutral to bullish on a break of 0.7025 Support 1: 0.6960 current Friday’s low Support 2: 0.6900 handle Support 3: 0.6851 May 16 and 2018 low Resistance 1: 0.7025 current Thursday’s high Resistance 2: 0.7053 May 4 high Resistance 3: 0.7153 March 21 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 US ISM: Broad improvement, higher prices – Wells Fargo FX Street 5 years The main feature of the week is the 140-pip bull run which comes after the Kiwi has been in a strong bear trend in the last weeks. This Wednesday was the best daily advance since mid-February as the bulls are trying to reverse the current bear trend. In order to confirm a reversal, bulls will need to break above the 200-period simple moving average on the 4-hour chart which is located near the current week's high at 0.7025. This is the first bullish week in the last six suggesting kiwi bulls are starting to wake up. NZD/USD weekly… 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.
