NZD/USD is on bids around 0.6890 during early Friday. The quote took a U-turn from nine-month-old descending trend-line on Thursday but is still above previous resistance turned support figure of 0.6860, making it capable of aiming a break over 0.6890 for one more time. In doing so, 0.6940 and 0.6970 can please buyers ahead of challenging them with 0.7000 round-figure. If at all Kiwi optimists surpass 0.7000 mark, 0.7060 can be their next target. Meanwhile, a downside break of 0.6860 might not hesitate visiting 0.6825 and 61.8% Fibonacci retracement of June – October decline, at 0.6815, but 100-day simple moving average (SMA) level of 0.6800 could limit further south-run. During the pair’s extended downturn past-0.6800, 0.6790 and 0.6770 can entertain sellers ahead of highlighting the 0.6740-35 support confluence that comprises 200-day SMA, five-month-old ascending trend-line and 50% Fibonacci retracement. Assuming the pair’s slid under 0.6735, bears can recall 0.6705 and 0.6650 on the chart. 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 Bitcoin price analysis: no escape from the range so far FX Street 4 years NZD/USD is on bids around 0.6890 during early Friday. The quote took a U-turn from nine-month-old descending trend-line on Thursday but is still above previous resistance turned support figure of 0.6860, making it capable of aiming a break over 0.6890 for one more time. In doing so, 0.6940 and 0.6970 can please buyers ahead of challenging them with 0.7000 round-figure. If at all Kiwi optimists surpass 0.7000 mark, 0.7060 can be their next target. Meanwhile, a downside break of 0.6860 might not hesitate visiting 0.6825 and 61.8% Fibonacci retracement of June - October decline, at 0.6815, but 100-day simple moving… 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.
