NZD/USD found some resistance at the 0.7025 level and the 200-period simple moving average on the 4-hour time-frame suggesting a pullback from the recent 140-pip move up can be underway. The pullback may extend down to 0.6975 which is May 22 high. NZD/USD bulls created a strong bull breakout on Wednesday which is NZD/USD best daily advance since mid-February. NZD/USD is trading above its 50 and 100-period simple moving averages on the 4-hour chart, suggesting overall bullish momentum. NZD/USD 15-minute chart Spot rate: 0.7000 Relative change: 1.22% High: 0.7025 Low: 0.6968 Trend: Neutral Support 1: 0.6975 May 22 high. Support 2: 0.6900 handle Support 3: 0.6851 May 16 and 2018 low Resistance 1: 0.7025 current Wednesday’s high Resistance 2: 0.7053 May 4 high Resistance 3: 0.7153 March 21 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 EUR/JPY: Supported by US yields, affected by weaker Eurozone cyclical picture – Danske Bank FX Street 5 years NZD/USD found some resistance at the 0.7025 level and the 200-period simple moving average on the 4-hour time-frame suggesting a pullback from the recent 140-pip move up can be underway. The pullback may extend down to 0.6975 which is May 22 high. NZD/USD bulls created a strong bull breakout on Wednesday which is NZD/USD best daily advance since mid-February. NZD/USD is trading above its 50 and 100-period simple moving averages on the 4-hour chart, suggesting overall bullish momentum. NZD/USD 15-minute chart Spot rate: 0.7000 Relative change: … 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.
