NZD/USD is accelerating down for the fifth day in a row as it is has lost about 200 pips in the last two weeks. Kiwi is now very close to the 2018 low at 0.6854. Bears are also likely targeting 0.6816 December 1, 2017, low and then the 0.6780 level, the 2017 low. On the other hand, Kiwi bulls’ objective is to try to form a double bottom near the current 2018 low in order to break above the current wedge formation. NZD/USD 15-minute chart Spot rate: 0.6864 Relative change: -0.53% High: 0.6918 Low: 0.6859 Trend: Bearish Resistance 1: 0.6900-0.6923 area figure and supply/demand level Resistance 2: 0.6960, June 1 low Resistance 3 0.7000 figure Support 1: 0.6854, current 2018 low Support 2: 0.6816 December 1, 2017 low Support 3: 0.6780, 2017 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/USD: Trying To Re-couple With Relative Rates; 1.1450 Key Support – SocGen Yohay Elam 3 years NZD/USD is accelerating down for the fifth day in a row as it is has lost about 200 pips in the last two weeks. Kiwi is now very close to the 2018 low at 0.6854. Bears are also likely targeting 0.6816 December 1, 2017, low and then the 0.6780 level, the 2017 low. On the other hand, Kiwi bulls' objective is to try to form a double bottom near the current 2018 low in order to break above the current wedge formation. NZD/USD 15-minute chart Spot rate: … 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.
