NZD/USD clings to 0.6685 during early Friday with most global markets closed due to Good Friday recess. The quote’s sustained dip beneath 0.6710 – 0.6700 horizontal-support comprising lows market since January 08 highlights the importance of 61.8% Fibonacci retracement of its October – December upswing, at 0.6630. However, 0.6650 may act as an intermediate halt. Should prices slip under 0.6630, 0.6600, 0.6585 and 0.6570 could flash on the Bears’ radar whereas 0.6510 and 0.6490 could challenge them afterward. Alternatively, a successful break of 0.6710 becomes necessary for the pair to aim for 200-day simple moving average (SMA) figure of 0.6735 and 38.2% Fibonacci retracement near 0.6760. If buyers manage to conquer 0.6760, 0.6780 and 0.6800-0.6805 area including 50-day and 100-day SMAs could become next landmarks for them. NZD/USD daily chart Trend: Bearish 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 AUD/USD Technical Analysis: Rising wedge confirmation flashes 0.7085 on the Bears radar FX Street 4 years NZD/USD clings to 0.6685 during early Friday with most global markets closed due to Good Friday recess. The quote's sustained dip beneath 0.6710 - 0.6700 horizontal-support comprising lows market since January 08 highlights the importance of 61.8% Fibonacci retracement of its October - December upswing, at 0.6630. However, 0.6650 may act as an intermediate halt. Should prices slip under 0.6630, 0.6600, 0.6585 and 0.6570 could flash on the Bears' radar whereas 0.6510 and 0.6490 could challenge them afterward. Alternatively, a successful break of 0.6710 becomes necessary for the pair to aim for 200-day simple moving average (SMA) figure of 0.6735… 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.
