{"id":190082,"date":"2023-11-09T04:11:37","date_gmt":"2023-11-08T22:41:37","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=190082"},"modified":"2023-11-09T04:11:37","modified_gmt":"2023-11-08T22:41:37","slug":"tumbles-to-three-day-losses-below-the-50-dma-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/tumbles-to-three-day-losses-below-the-50-dma-crypto-news\/","title":{"rendered":"Tumbles to three-day losses, below the 50-DMA &#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 hits a new three-day nadir at 0.5906, shedding 0.39% amid a broader downtrend and declining US Treasury yields.<\/strong><\/li>\n<li><strong>The pair faces immediate support at the psychological 0.5900 level, with further downside risks towards the September low and critical trendline supports.<\/strong><\/li>\n<li><strong>A recovery above the 50-day moving average could open the path for the Kiwi to challenge resistances at 0.5900 and potentially the 0.6000 handle.<\/strong><\/li>\n<\/ul>\n<p>NZD\/USD dives to a three-day low of 0.5906 below the 50-day moving average (DMA) at 0.5913, despite the Greenback (USD) trading unchanged as shown by the US <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/currencies\/us-dollar-index\">Dollar Index<\/a> (DXY), while US Treasury bond yields drop for the second consecutive day. The pair exchanges hands at 0.5910, down 0.39%.<\/p>\n<p>The downtrend portrayed in the NZD\/USD daily <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/chart\">chart<\/a> suggests the pair would continue to print losses unless the fundamentals change. Next, support is at 0.5900 in the figure, followed by the \u00a0September 5 low at 0.5859, followed by an upslope support trendline at 0.5815\/25, before slumping to the 0.5800 mark. A breach of the latter would expose the year-to-date (YTD) low of 0.5773.<\/p>\n<p>On the other hand, if <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/currencies\/nzdusd\">NZD\/USD<\/a> buyers reclaim the 50-DMA, they could remain hopeful of testing higher prices. Next resistance is seen at 0.5900, before rallying to the 0.6000 mark.<\/p>\n<h2 class=\"fxs_headline_medium\">NZD\/USD Price Analysis \u2013 Daily Chart<\/h2>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/image-638350777745211059.png\"><\/a><\/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 hits a new three-day nadir at 0.5906, shedding 0.39% amid a broader downtrend and declining US Treasury yields. The pair faces immediate support at the psychological 0.5900 level, with further downside risks towards the September low and critical trendline supports. A recovery above the 50-day moving average could open the path for the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":8891,"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-190082","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\/190082","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=190082"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/190082\/revisions"}],"predecessor-version":[{"id":190083,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/190082\/revisions\/190083"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/8891"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=190082"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=190082"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=190082"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}