NZD/USD is trading in the red in Asia after scoring gains for the third straight day on Tuesday. On the hourly chart, the pair has breached key ascending trendline. The relative strength index (RSI) has dropped into bearish territory below 50 and the 5- and 10-candle moving averages (MAs) are trending south. As a result, the 50-hour MA support of 0.6835 could be put to test soon. A violation there would only bolster the already bearish setup and open the doors to 0.68. A strong bounce from the 50-hour MA, however, would weaken the bearish case. Hourly chart Trend: Bearish 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 AUD/USD seen recovering on a weak greenback – Commerzbank FX Street 4 years NZD/USD is trading in the red in Asia after scoring gains for the third straight day on Tuesday. On the hourly chart, the pair has breached key ascending trendline. The relative strength index (RSI) has dropped into bearish territory below 50 and the 5- and 10-candle moving averages (MAs) are trending south. As a result, the 50-hour MA support of 0.6835 could be put to test soon. A violation there would only bolster the already bearish setup and open the doors to 0.68. A strong bounce from the 50-hour MA, however, would weaken the bearish case. … 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.
