After breaking nearly a month-old falling trend-line, NZD/USD trades close to a week’s high. 21-DMA, 23.6% Fibonacci retracement seems buyers’ immediate target. Having successfully breached a downward-sloping trend-line since August 09, NZD/USD takes the bids to a week’s high, around 0.6370, during early Thursday. The quote now heads to 0.6392/94 confluence including 21-day simple moving average (DMA) and 23.6% Fibonacci retracement of late-July high to Tuesday’s low. Supporting the upside momentum is a bullish signal by 12-bar moving average convergence and divergence (MACD) indicator. Given the buyers’ ability to cross 0.6394, also breaking the 0.6400 round-figure, 38.2% and 50% Fibonacci retracement levels near 0.6470 and 0.6530 can entertain them ahead of 50-DMA figure of 0.6543. Alternatively, pair’s pullback below resistance-turned-support-line of 0.6340 can recall 0.6300 and Tuesday’s low near 0.6270 while 0.6200 might please bears then after. NZD/USD daily chart Trend: recovery expected 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 technical analysis: Bullish reversal confirmed, eyes hurdle at 1.1064 FX Street 4 years After breaking nearly a month-old falling trend-line, NZD/USD trades close to a week's high. 21-DMA, 23.6% Fibonacci retracement seems buyers' immediate target. Having successfully breached a downward-sloping trend-line since August 09, NZD/USD takes the bids to a week's high, around 0.6370, during early Thursday. The quote now heads to 0.6392/94 confluence including 21-day simple moving average (DMA) and 23.6% Fibonacci retracement of late-July high to Tuesday's low. Supporting the upside momentum is a bullish signal by 12-bar moving average convergence and divergence (MACD) indicator. Given the buyers' ability to cross 0.6394, also breaking the 0.6400 round-figure, 38.2% and 50% Fibonacci… 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.
