{"id":175419,"date":"2023-10-17T01:58:01","date_gmt":"2023-10-16T20:28:01","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=175419"},"modified":"2023-10-17T01:58:01","modified_gmt":"2023-10-16T20:28:01","slug":"looking-for-a-climb-back-into-0-5950-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/looking-for-a-climb-back-into-0-5950-crypto-news\/","title":{"rendered":"Looking for a climb back into 0.5950 &#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 looking for a gentle climb back into weekly P0 pivots after Friday&#8217;s late-week bounce from S1.<\/strong><\/li>\n<li><strong>Technical resistance for hourly candles sitting at 200-hour SMA near 0.5970.<\/strong><\/li>\n<li><strong>Upside momentum constrained by bearish 50-hour SMA, downside potential for the week stretching into 0.5840.<\/strong><\/li>\n<\/ul>\n<p>The NZD\/USD is catching a minor lift for Monday, testing into the 0.5930 region after the week&#8217;s opening bids gapped higher into 0.5920 from Friday&#8217;s closing price of 0.5889.\u00a0<\/p>\n<p>With the broader market seeing <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/technical-analysis\/sentiment\/risk-appetite\">risk appetite<\/a> moderately recover, the US Dollar (USD) is getting pushing slightly lower, giving the Kiwi (NZD) some much-needed breathing room after a sharp decline from last week&#8217;s peak at 0.6056.<\/p>\n<p>The 0.6000 major handle is now benched far above intraday price action, with the R1 weekly pivot sitting above near 0.6012.<\/p>\n<p>Looking to the medium-term, daily candlesticks have the Kiwi dropping back below the 50-day Simple Moving Average (SMA), which is pushing downwards into 0.5950, and the previous swing low into 0.5870 remains firmly in play.\u00a0<\/p>\n<p>The NZD\/USD has been trapped in a constraining pattern ever since tumbling into the 0.5900 region in August, down from July&#8217;s peaks at 0.6413, and the 200-day SMA is rolling over into bearish momentum, pushing into 0.6150.<\/p>\n<h2 class=\"fxs_headline_medium\">NZD\/USD Hourly Chart<\/h2>\n<\/p>\n<h2 class=\"fxs_headline_medium\">NZD\/USD Daily Chart<\/h2>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/NZD_USD-638330828251393742.png\" style=\"width: 898px;height: 697px\" \/><\/p>\n<h2 class=\"fxs_headline_medium\">NZD\/USD Technical Levels<\/h2>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: NZD\/USD looking for a gentle climb back into weekly P0 pivots after Friday&#8217;s late-week bounce from S1. Technical resistance for hourly candles sitting at 200-hour SMA near 0.5970. Upside momentum constrained by bearish 50-hour SMA, downside potential for the week stretching into 0.5840. The NZD\/USD is catching a minor lift for Monday, testing into [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":16080,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,276,255,250,715,252,247,253,249,308,256,254],"class_list":["post-175419","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-currencies","tag-gta","tag-looks-rare","tag-nzdusd","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-technical-analysis","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/175419","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=175419"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/175419\/revisions"}],"predecessor-version":[{"id":175421,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/175419\/revisions\/175421"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/16080"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=175419"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=175419"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=175419"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}