NZD/USD slips below 23.6% Fibonacci retracement. The bearish technical formation, MACD conditions keep sellers hopeful. Monthly top acts as the nearby key resistance. The NZD/USD pair’s declines below 23.6% Fibonacci retracement pushes sellers to look for confirmation of the bearish chart pattern as the quote seesaws near 0.6410 during early Thursday. Not only the support line of nearly seven-day-old rising wedge formation but 38.2% Fibonacci retracement of October-November upside also increases the importance of 0.6380 as the key rest-point. With the 12-bar Moving Average Convergence and Divergence (MACD) flashing bearish signals, odds are high for the pair’s slip beneath 0.6380, which in turn will open the door for extend south-run towards October 16 low of 0.6240. Though, 61.8% Fibonacci retracement level of 0.6326 can offer an intermediate halt during the declines. Meanwhile, pair’s run-up beyond 0.6445 will negate the bearish formation and can propel prices to challenge the recent high surrounding 0.6470 ahead of taking aim at 0.6500. NZD/USD 4-hour 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 Ethereum classic market update: ETC/USD trendline resistance must be shuttered FX Street 3 years NZD/USD slips below 23.6% Fibonacci retracement. The bearish technical formation, MACD conditions keep sellers hopeful. Monthly top acts as the nearby key resistance. The NZD/USD pair's declines below 23.6% Fibonacci retracement pushes sellers to look for confirmation of the bearish chart pattern as the quote seesaws near 0.6410 during early Thursday. Not only the support line of nearly seven-day-old rising wedge formation but 38.2% Fibonacci retracement of October-November upside also increases the importance of 0.6380 as the key rest-point. With the 12-bar Moving Average Convergence and Divergence (MACD) flashing bearish signals, odds are high for the pair's slip beneath 0.6380,… 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.
