NZD/USD’s hourly chart shows a head-and-shoulders breakdown. Key moving averages have produced a bearish crossover. The pair risks falling to the 200-hour moving average support. The NZD/USD pair is currently trading at 0.6374, representing a 0.14% loss on the day, and could remain under pressure during the day ahead, as an intraday chart is reporting a bearish setup. The hourly chart shows a head-and-shoulders breakdown. The bearish reversal pattern has opened the doors for 0.6338 (target as per the measured move method). Further, the 50- and 100-hour moving averages (MAs) have produced a bearish crossover. The pair, therefore, risks falling to the 200-hour MA line, currently located at 0.6358. The bearish case would be invalidated above 0.6387 (neckline resistance). Daily chart Trend: Bearish Technical levels 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 Bitcoin price prediction: BTC/USD keeps hugging the $7,500 channel may go up in price – Confluence Detector FX Street 3 years NZD/USD's hourly chart shows a head-and-shoulders breakdown. Key moving averages have produced a bearish crossover. The pair risks falling to the 200-hour moving average support. The NZD/USD pair is currently trading at 0.6374, representing a 0.14% loss on the day, and could remain under pressure during the day ahead, as an intraday chart is reporting a bearish setup. The hourly chart shows a head-and-shoulders breakdown. The bearish reversal pattern has opened the doors for 0.6338 (target as per the measured move method). Further, the 50- and 100-hour moving averages (MAs) have produced a bearish crossover.… 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.
