NZD/USD hit a high of 0.9548 yesterday, the highest level since Feb. 1, and closed above the 200-day moving average (MA) for the first time since Dec. 31. The close above the long-term average is backed by the ascending 5- and 10-day moving averages. Further, the 14-day relative strength index (RSI) has breached the three-month range to the higher side. The NZD, therefore, could rise toward 0.9580 (Jan. 31 high). The bullish setup would be invalidated if the spot finds acceptance under the 10-day MA, currently at 0.9458. As of writing, the pair is trading at 0.6917, representing a 0.17 percent gain on the day. Daily chart Trend: Bullish 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 Iran integrates cryptocurrencies to its tourism sector FX Street 4 years NZD/USD hit a high of 0.9548 yesterday, the highest level since Feb. 1, and closed above the 200-day moving average (MA) for the first time since Dec. 31. The close above the long-term average is backed by the ascending 5- and 10-day moving averages. Further, the 14-day relative strength index (RSI) has breached the three-month range to the higher side. The NZD, therefore, could rise toward 0.9580 (Jan. 31 high). The bullish setup would be invalidated if the spot finds acceptance under the 10-day MA, currently at 0.9458. As of writing, the pair is trading at 0.6917, representing… 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.
