{"id":114332,"date":"2023-06-27T00:48:03","date_gmt":"2023-06-27T00:48:03","guid":{"rendered":"https:\/\/dripp.zone\/news\/bearish-setup-adds-pressure-to-kiwi-below-0-6200-crypto-news\/"},"modified":"2023-06-27T00:48:04","modified_gmt":"2023-06-27T00:48:04","slug":"bearish-setup-adds-pressure-to-kiwi-below-0-6200-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bearish-setup-adds-pressure-to-kiwi-below-0-6200-crypto-news\/","title":{"rendered":"Bearish setup adds pressure to Kiwi below 0.6200\n &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<ul>\n<li><strong>NZD\/USD struggles to defend the previous day&#8217;s recovery within one-week-old bearish channel, stays below 50-SMA.<\/strong><\/li>\n<li><strong>Steady MACD, failure to keep the bounce off monthly support line tease Kiwi pair sellers.<\/strong><\/li>\n<li><strong>Bulls remain off the table unless witnessing a clear break of 0.6230.<\/strong><\/li>\n<\/ul>\n<p>NZD\/USD edges lower past 0.6200 despite the week-start rebound, pressured around 0.6165 amid Tuesday&#8217;s Asian session.  In doing so <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/currencies\/nzdusd\">kiwi<\/a> The pair stays within a one-week-old bearish channel, as well as remains below the 50-SMA hurdle, while fading the previous week&#8217;s rebound from the monthly support line.<\/p>\n<p>It&#8217;s worth noting that the steady conditions of the RSI (14) line around 50.0 levels also keep the Kiwi pair sellers hopeful despite the latest corrective bounce.<\/p>\n<p>That said, an upward-sloping trend line from May 31, close to 0.6135 at the latest, appears immediate support for the NZD\/USD sellers to watch during the quote&#8217;s fresh downside.<\/p>\n<p>Following that, the stated channel&#8217;s bottom line surrounding 0.6110 and the 0.6100 round figure may prod the bears.<\/p>\n<p>In a case where the Kiwi pair drops below 0.6100, multiple supports around 0.6030-25 may prod the sellers before directing them to the 0.6000 psychological magnet and the yearly low marked in May around 0.5985.<\/p>\n<p>On the contrary, the 50-SMA and the aforementioned bearish channel&#8217;s top line, respectively near 0.6185 and 0.6210 restrict the short-term recovery of the NZD\/USD pair.<\/p>\n<p>However, the Kiwi buyers should remain cautious unless witnessing a clear upside break of the descending resistance line from May 19, close to 0.6230 at the latest.<\/p>\n<h2 class=\"fxs_headline_medium\">NZD\/USD: Four-hour chart<\/h2>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/NZD_USD-27062023-638234235953873486.png\"><\/a><\/p>\n<p>Trend: Bearish<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: NZD\/USD struggles to defend the previous day&#8217;s recovery within one-week-old bearish channel, stays below 50-SMA. Steady MACD, failure to keep the bounce off monthly support line tease Kiwi pair sellers. Bulls remain off the table unless witnessing a clear break of 0.6230. NZD\/USD edges lower past 0.6200 despite the week-start rebound, pressured around 0.6165 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":9305,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,605,246,257,255,250,715,252,247,253,249,524,623,308,256,254],"class_list":["post-114332","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-chartpatterns","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-nzdusd","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-supportresistance","tag-swingtrading","tag-technical-analysis","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/114332","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=114332"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/114332\/revisions"}],"predecessor-version":[{"id":114333,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/114332\/revisions\/114333"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/9305"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=114332"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=114332"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=114332"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}