NZD/USD is currently trading at 0.6843 – up 0.23 percent on the day – having found support at 0.6812 (50-day moving average) yesterday. Reports of a violent incident in Christchurch hit the wires a few minutes before press time. The Kiwi, however, is showing no signs of stress and could rise well above the weekly high of 0.6874 if the bull flag seen on the 4-hour chart is breached to the higher side. 4-hour chart The bull flag is a continuation pattern which usually accelerates the preceding bullish move. A break above 0.6857 (upper edge of the flag) would open the doors to 0.6985 (target as per the measured move method). Trend: Bull above 0.6857 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 parliament approves new foreign investment law FX Street 4 years NZD/USD is currently trading at 0.6843 - up 0.23 percent on the day - having found support at 0.6812 (50-day moving average) yesterday. Reports of a violent incident in Christchurch hit the wires a few minutes before press time. The Kiwi, however, is showing no signs of stress and could rise well above the weekly high of 0.6874 if the bull flag seen on the 4-hour chart is breached to the higher side. 4-hour chart The bull flag is a continuation pattern which usually accelerates the preceding bullish move. A break above 0.6857 (upper edge of the flag)… 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.
