NZD/USD holds beyond 0.6400 ever since it reversed from it before two weeks. 10-DMA and May/June low limit near-term upside. Despite repeated bounces off 0.6400, NZD/USD remains below near-term key resistances as it takes the rounds to 0.6415 during early Wednesday. With this, the pair keeps being titled towards 0.6400 whereas a break of which can drag it back to monthly low at 0.6378. If prices slip beneath 0.6378, the year 2016 low near 0.6348 could lure sellers. On the upside, 10-day simple moving average (DMA) near 0.6440 and an area comprising lows marked in May and June, surrounding 0.6480/90 becomes key resistances to observe. In a case where buyers manage to conquer 0.6490, 38.2% Fibonacci retracement of its July- August declines at 0.6536 will come back on the chart. 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/JPY adds 30 pips despite the drop in Asian equities FX Street 4 years NZD/USD holds beyond 0.6400 ever since it reversed from it before two weeks. 10-DMA and May/June low limit near-term upside. Despite repeated bounces off 0.6400, NZD/USD remains below near-term key resistances as it takes the rounds to 0.6415 during early Wednesday. With this, the pair keeps being titled towards 0.6400 whereas a break of which can drag it back to monthly low at 0.6378. If prices slip beneath 0.6378, the year 2016 low near 0.6348 could lure sellers. On the upside, 10-day simple moving average (DMA) near 0.6440 and an area comprising lows marked in May and June, surrounding 0.6480/90… 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.
