NZD/USD fails to cross 0.6427/30 resistance confluence. A two-month-old rising channel portrays overall bullish sentiment. NZD/USD again steps back from 100-day EMA, accompanied by 38.2% Fibonacci retracement, while taking rounds to 0.6420 during early Wednesday. The quote can now aim for 0.6360 during further declines while 23.6% Fibonacci retracement of July-October downpour and the lower line of an ascending trend channel since late-September, around 0.6340 and 0.6320 respectively, could entertain sellers afterward. If at all bears dominate below 0.6320, mid-October low near 0.6240 and 0.6200 round-figure, including the previous month bottom, will be in the spotlight. On the contrary, the pair’s sustained break above 0.6430 enables it to challenge the monthly tops near 0.6470. Though, 50% Fibonacci retracement and the resistance of the aforementioned channel could challenges buyers near 0.6500/05. Adding to the upside barriers is the 200-day Exponential Moving Average (EMA) level of 0.6423. NZD/USD daily chart Trend: Pullback 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 NZD bullish: BNZ ups Fonterra’s milk payment forecast FX Street 3 years NZD/USD fails to cross 0.6427/30 resistance confluence. A two-month-old rising channel portrays overall bullish sentiment. NZD/USD again steps back from 100-day EMA, accompanied by 38.2% Fibonacci retracement, while taking rounds to 0.6420 during early Wednesday. The quote can now aim for 0.6360 during further declines while 23.6% Fibonacci retracement of July-October downpour and the lower line of an ascending trend channel since late-September, around 0.6340 and 0.6320 respectively, could entertain sellers afterward. If at all bears dominate below 0.6320, mid-October low near 0.6240 and 0.6200 round-figure, including the previous month bottom, will be in the spotlight. On the contrary, the… 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.
