Declining trendline is capping swing highs as the Kiwi steps down amid broader market sentiment retracting. US-CHina trade war fears are becoming the market narrative for the week ahead of the RBNZ’s showing later on. Intraday prices are being supported by the 38.2% Fibo retracement level, a hard break will confirm the day’s downtrend. NZD/USD Chart, 15-Minute Spot rate: 0.6892 Relative change: -0.02% High: 0.6899 Low: 0.6882 Trend: Bearish Support 1: 0.6882 (current day low; current week low) Support 2: 0.6862 (61.8% one-week Fibo level) Support 3: 0.6825 (one week low) Resistance 1: 0.6899 (current day high) Resistance 2: 0.6921 (one week high) Resistance 3: 0.7000 (major level; R3 daily pivot) 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 Global market snap-shot – ANZ FX Street 3 years Declining trendline is capping swing highs as the Kiwi steps down amid broader market sentiment retracting. US-CHina trade war fears are becoming the market narrative for the week ahead of the RBNZ's showing later on. Intraday prices are being supported by the 38.2% Fibo retracement level, a hard break will confirm the day's downtrend. NZD/USD Chart, 15-Minute Spot rate: 0.6892 Relative change: -0.02% High: 0.6899 Low: 0.6882 Trend: Bearish Support 1: 0.6882 (current day low; current week low) Support 2: 0.6862 (61.8% one-week Fibo level) Support 3: 0.6825… Top 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.
