The Kiwi is pushing back into the week’s lows as the NZD steps down against the US Dollar, which is getting a boost from a hawkish Fed chair Jerome Powell. Firm bearish trend is still in place on higher timeframes, traders should keep bias shifted to the short side and wait to sell on pullbacks. A failure for the bulls to break through the year’s low at 0.6686 could see a sharp reversal develop. NZD/USD Chart, 15-Minute Spot rate: 0.6770 Relative change: -0.17% High: 0.6785 Low: 0.6766 Trend: Bearish Support 1: 0.6753 (previous week low) Support 2: 0.6705 (100.0% Fibo expansion level) Support 3: 0.6686 (2018 low; major technical bottom) Resistance 1: 0.6785 (current day high) Resistance 2: 0.6839 (current week high) Resistance 3: 0.6858 (previous week high) 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 NZD/USD Technical Analysis: Kiwi sags against the USD as Dollar bulls step up FX Street 5 years The Kiwi is pushing back into the week's lows as the NZD steps down against the US Dollar, which is getting a boost from a hawkish Fed chair Jerome Powell. Firm bearish trend is still in place on higher timeframes, traders should keep bias shifted to the short side and wait to sell on pullbacks. A failure for the bulls to break through the year's low at 0.6686 could see a sharp reversal develop. NZD/USD Chart, 15-Minute Spot rate: 0.6770 Relative change: -0.17% High: 0.6785 Low: 0.6766 Trend: Bearish Support 1:… 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.
