The Kiwi is looking primed for a bullish pullback, though the pair remains overall deeply in bearish territory, and near-term buyers run the risk of coming up against renewed selling power if broader market sentiment takes a turn for the worse. The Reserve Bank of New Zealand is expected this week, and the run-up to the central bank event is likely to suck NZD-backed volumes out of the Kiwi-Dollar pairing. July saw consolidation on Daily candles, and a lack of direction will be breaking technical indicators on various timeframes. NZD/USD Chart, 15-Minute Spot rate: 0.6742 Relative change: Negligible High: 0.6746 Low: 0.6727 Trend: Bullish pullback Support 1: 0.6727 (current day low) Support 2: 0.6719 (previous week low) Support 3: 0.6686 (July low) Resistance 1: 0.6765 (Friday high) Resistance 2: 0.6790 (61.8% Fibo retracement level) Resistance 3: 0.6834 (previous week 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 USD/CNY fix projection: 6.8543 – Nomura FX Street 5 years The Kiwi is looking primed for a bullish pullback, though the pair remains overall deeply in bearish territory, and near-term buyers run the risk of coming up against renewed selling power if broader market sentiment takes a turn for the worse. The Reserve Bank of New Zealand is expected this week, and the run-up to the central bank event is likely to suck NZD-backed volumes out of the Kiwi-Dollar pairing. July saw consolidation on Daily candles, and a lack of direction will be breaking technical indicators on various timeframes. NZD/USD Chart, 15-Minute Spot rate: 0.6742 Relative change: Negligible… 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.
