NZD’s recovery from post-CPI low of 0.6750 could end up creating an inverse head-and-shoulders pattern with neckline resistance of 0.6795. A break above the neckline would open doors to 0.6865 (target as per the measured move method). Hourly chart Spot Rate: 0.6775 Daily High: 0.6788 Daily Low: 0.6755 Trend: Bullish above 0.6795 Resistance R1: 0.6795 (inverse head-and-shoulders neckline) R2: 0.6804 (20-day MA – acted as stiff hurdle on July 9,10, and 11) R3: 0.6859 (July 9 high) Support S1: 0.6748 (July 12 low) S2: 0.6725 (July 13 low) S3: 0.6688 (July 3 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 Crypto market overview: Bitcoin, Ethereum and Ripple gained over 5% amid evidence of institutional adoption FX Street 5 years NZD's recovery from post-CPI low of 0.6750 could end up creating an inverse head-and-shoulders pattern with neckline resistance of 0.6795. A break above the neckline would open doors to 0.6865 (target as per the measured move method). Hourly chart Spot Rate: 0.6775 Daily High: 0.6788 Daily Low: 0.6755 Trend: Bullish above 0.6795 Resistance R1: 0.6795 (inverse head-and-shoulders neckline) R2: 0.6804 (20-day MA - acted as stiff hurdle on July 9,10, and 11) R3: 0.6859 (July 9 high) Support S1: 0.6748 (July 12 low) S2: 0.6725 (July 13 low) S3: 0.6688 (July 3 low) 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.
