“¢ After yesterday’s two-way move, the pair regained positive traction and built on Friday’s recovery move from over two-week lows. The pair climbed to a multi-day high, though seemed struggling to extend the momentum and remained capped below 50-day SMA. “¢ The mentioned region coincides with a descending trend-channel resistance, extending since early June and might continue to cap gains. Neutral technical indicators on the daily chart further add to investors’ indecision over the pair’s near-term directional move. “¢ Hence, it would be prudent to wait for a sustained break through the said confluence resistance before positioning for any near-term up-move. Alternatively, weakness back below the key 0.65 psychological mark might negate prospects for a bullish breakout and prompt some fresh selling. NZD/USD daily chart NZD/USD Overview: Last Price: 0.6542 Daily change: 20 pips Daily change: 0.307% Daily Open: 0.6522 Trends: Daily SMA20: 0.6522 Daily SMA50: 0.6582 Daily SMA100: 0.6683 Daily SMA200: 0.6935 Levels: Daily High: 0.6556 Daily Low: 0.6514 Weekly High: 0.6612 Weekly Low: 0.6465 Monthly High: 0.67 Monthly Low: 0.6501 Daily Fibonacci 38.2%: 0.6531 Daily Fibonacci 61.8%: 0.654 Daily Pivot Point S1: 0.6506 Daily Pivot Point S2: 0.6489 Daily Pivot Point S3: 0.6464 Daily Pivot Point R1: 0.6548 Daily Pivot Point R2: 0.6573 Daily Pivot Point R3: 0.659 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 a breach of 1.2662 could allow a test of 1.2593/89 – Commerzbank FX Street 4 years "¢ After yesterday's two-way move, the pair regained positive traction and built on Friday's recovery move from over two-week lows. The pair climbed to a multi-day high, though seemed struggling to extend the momentum and remained capped below 50-day SMA. "¢ The mentioned region coincides with a descending trend-channel resistance, extending since early June and might continue to cap gains. Neutral technical indicators on the daily chart further add to investors' indecision over the pair's near-term directional move. "¢ Hence, it would be prudent to wait for a sustained break through the said… 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.
