NZD/USD trades near the strongest levels since September 12. September month high, 100-day EMA question pair’s further rise. 50-day EMA acts as nearby support. With its sustained trading beyond 50-day Exponential Moving Average (EMA), NZD/USD rises to the five-week high while taking the bids to 0.6430 amid initial Tuesday trading. While the bullish signal from the 12-bar Moving Average Convergence and Divergence (MACD) firms up odds for further upside, 100-day EMA and September high around 0.6450/55 could question the pair’s additional run-up. Should prices rally beyond 0.6455, 50% and 61.8% Fibonacci retracements of July-October declines, close to 0.6500 and 0.6570, will become bulls’ favorites. Alternatively, pair’s daily closing below 50-day EMA level of 0.6370 can recall early-month tops near 0.6355/50 and 23.6% Fibonacci retracement level of 0.6340. In a case where bears keep the momentum controlled below 0.6340, 0.6270, 0.6240 and 0.6200 could lure them. NZD/USD daily chart Trend: bullish 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 China’s Vice ForeignMin: China will not allow other countries to undermine its security FX Street 3 years NZD/USD trades near the strongest levels since September 12. September month high, 100-day EMA question pair's further rise. 50-day EMA acts as nearby support. With its sustained trading beyond 50-day Exponential Moving Average (EMA), NZD/USD rises to the five-week high while taking the bids to 0.6430 amid initial Tuesday trading. While the bullish signal from the 12-bar Moving Average Convergence and Divergence (MACD) firms up odds for further upside, 100-day EMA and September high around 0.6450/55 could question the pair's additional run-up. Should prices rally beyond 0.6455, 50% and 61.8% Fibonacci retracements of July-October declines, close to 0.6500 and 0.6570,… 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.
