The NZD/USD pair’s bounce off near-term key support-lines trails below 10-DMA. Oversold RSI conditions can please buyers till 21-DMA but May/June lows could disappoint them afterward. Although the NZD/USD pair’s bounce off descending trend-lines from May and June calms the traders, the quote still remains beneath near-term key resistances as it takes the rounds to 0.6380 before the Monday’s European session begins. Among them, 10-day simple moving average (DMA) at 0.6415 acts as immediate resistance ahead of 21-DMA level of 0.6475. It should, however, be noted that 0.6480/90 area comprising lows marked in May and June becomes the tough nut to crack for the bulls. On the downside, pair’s declines below 0.6340 open the door for fresh declines to September 2015 bottoms surrounding 0.6240. While oversold conditions of 14-bar relative strength index (RSI) favors the pair’s pullback, nearby DMAs and May/June lows can keep prices capped. 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 faces extra downside below 0.6730 – UOB FX Street 4 years The NZD/USD pair's bounce off near-term key support-lines trails below 10-DMA. Oversold RSI conditions can please buyers till 21-DMA but May/June lows could disappoint them afterward. Although the NZD/USD pair's bounce off descending trend-lines from May and June calms the traders, the quote still remains beneath near-term key resistances as it takes the rounds to 0.6380 before the Monday's European session begins. Among them, 10-day simple moving average (DMA) at 0.6415 acts as immediate resistance ahead of 21-DMA level of 0.6475. It should, however, be noted that 0.6480/90 area comprising lows marked in May and June becomes the tough nut… 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.
