NZD/USD stages a modest rebound after dropping to two-week lows at 0.6639. Supports at 0.6639/33 and 0.6601/6600 ideally hold for further rangebound trading, with resistance seen initially at 0.6678, per Credit Suisse. Key quotes “NZD/USD forcefully extended its rejection from the pivotal July 2019 and current 2020 highs as well as the 200-week average at 0.6783/98 on Monday. However, the correction lower is so far coming to a halt just ahead the 55-day average at 0.6639/33 and with key price support just below at 0.6601, we ideally look for the zone to hold for further rangebound trading.” “Below 0.6639/33 would see a move back to the 0.6601/00 support, which is a key technical inflection point. Beyond here though would see a small ‘double top’ complete to suggest significant further weakness.” “We see resistance initially at 0.6678, then 0.6693/96, above would ease the immediate downside pressure for a move back to the aforementioned 0.6783/98 area, which we expect to cap for now to maintain the range.” 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 EUR/USD Price Analysis: The 1.1700 area looms closer FX Street 2 years NZD/USD stages a modest rebound after dropping to two-week lows at 0.6639. Supports at 0.6639/33 and 0.6601/6600 ideally hold for further rangebound trading, with resistance seen initially at 0.6678, per Credit Suisse. Key quotes “NZD/USD forcefully extended its rejection from the pivotal July 2019 and current 2020 highs as well as the 200-week average at 0.6783/98 on Monday. However, the correction lower is so far coming to a halt just ahead the 55-day average at 0.6639/33 and with key price support just below at 0.6601, we ideally look for the zone to hold for further rangebound trading.” “Below 0.6639/33 would… 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.