9-day old descending trend-line portrays the NZD/USD pair’s weakness. Rising trend-line from late-2018 becomes strong support amid oversold RSI. With short-term descending trend-line continues exerting downside pressure on the NZD/USD pair, the quote drops to 0.6540 during early Friday. The pair now aims to a visit a 10-month ascending trend-line stretched since October 2018, at 0.6500 now. Though, 0.6515 can offer an intermediate halt. In a case, prices refrain from respecting oversold conditions of 14-day relative strength index (RSI) and slip beneath 0.6500 mark, May month low near 0.6480 could be on the sellers’ radar. On the upside, pair’s break of 0.6575 trend-line resistance can trigger fresh buying interest towards 0.6600 round-figure and then to 50-day simple moving average (SMA) whereas 61.8% Fibonacci retracement of October – November 2018, at 0.6634, will please buyers afterward. NZD/USD daily chart Trend: Bearish 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 GBP/USD: No respite for Sterling bulls despite sliding US yields FX Street 4 years 9-day old descending trend-line portrays the NZD/USD pair's weakness. Rising trend-line from late-2018 becomes strong support amid oversold RSI. With short-term descending trend-line continues exerting downside pressure on the NZD/USD pair, the quote drops to 0.6540 during early Friday. The pair now aims to a visit a 10-month ascending trend-line stretched since October 2018, at 0.6500 now. Though, 0.6515 can offer an intermediate halt. In a case, prices refrain from respecting oversold conditions of 14-day relative strength index (RSI) and slip beneath 0.6500 mark, May month low near 0.6480 could be on the sellers' radar. On the upside, pair's break… 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.
