NZD/USD has recovered strongly from yesterday’s intraday setback, breaking above the key 0.6756 December high to test the pivotal resistance zone at the July 2019/January 2020 highs, 200-week average and cluster of long-term Fibonacci retracement levels at 0.6789/91. Above 0.6789/91, the kiwi would see next resistance at 0.6800/06 and then 0.6836/67. On the flip side, support moves to 0.6759, per Credit Suisse. Key quotes “NZD/USD has recovered strongly from yesterday’s setback, breaking above the key 0.6756 December high and prodding also above the pivotal the July 2019 and January 2020 highs at 0.6789/91. Although we might not see a closing break here at the first attempt, our bias remains for a break higher in due course, which would complete a medium-term base to significantly reinforce our broader bullish outlook, with short-term resistance then seen subsequently at 0.6800/06 – a psychological barrier and 78.6% retracement of the December/March fall – where we would expect to see another initial attempt to hold. Beyond here would see trend resistance at 0.6836/37 next and higher over the medium term.” “Support for a near-term fallback moves initially to 0.6777, then 0.6759, which ideally holds to keep the upside bias intact. Beneath here though would see 0.6711 and then the 21 -day exponential average at 0.6688 next.” 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 clings to daily gains around 1.1850 FX Street 2 years NZD/USD has recovered strongly from yesterday’s intraday setback, breaking above the key 0.6756 December high to test the pivotal resistance zone at the July 2019/January 2020 highs, 200-week average and cluster of long-term Fibonacci retracement levels at 0.6789/91. Above 0.6789/91, the kiwi would see next resistance at 0.6800/06 and then 0.6836/67. On the flip side, support moves to 0.6759, per Credit Suisse. Key quotes “NZD/USD has recovered strongly from yesterday’s setback, breaking above the key 0.6756 December high and prodding also above the pivotal the July 2019 and January 2020 highs at 0.6789/91. Although we might not see a closing… 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.