NZD/USD surges to fresh five-week high. A falling trend line since August 09 holds the key to 38.2% Fibonacci retracement, 100-day EMA. 50-day EMA limits immediate declines. Sustained break of 50-day Exponential Moving Average (EMA) propels the NZD/USD pair towards near-term key resistance line as it takes the bids to 0.6400 amid early Monday. With the 12-bar Moving Average Convergence and Divergence (MACD) indicating bullish signal, prices are likely to overcome 0.6405 immediate barrier. As a result, 38.2% Fibonacci retracement of July-September declines, at 0.6430 and a 100-day EMA level of 0.6450 will become buyers’ favorites. Meanwhile, pair’s declines below 50-day EMA level of 0.6368 can drag it back to 0.6350 and 23.6% Fibonacci retracement close to 0.6340. However, 0.6250 and 0.6200 will limit the pair’s further declines. 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 Gold: Sidelined near $1,490 after PBOC’s rate decision FX Street 3 years NZD/USD surges to fresh five-week high. A falling trend line since August 09 holds the key to 38.2% Fibonacci retracement, 100-day EMA. 50-day EMA limits immediate declines. Sustained break of 50-day Exponential Moving Average (EMA) propels the NZD/USD pair towards near-term key resistance line as it takes the bids to 0.6400 amid early Monday. With the 12-bar Moving Average Convergence and Divergence (MACD) indicating bullish signal, prices are likely to overcome 0.6405 immediate barrier. As a result, 38.2% Fibonacci retracement of July-September declines, at 0.6430 and a 100-day EMA level of 0.6450 will become buyers' favorites. Meanwhile, pair's declines below… 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.
