Kiwi drowns less than 0.5600 where sellers expand their grip

• NZD/USD sharply fell about 0.5600 area on Friday, and followed heavy daily losses before the Asian session.
• Fetish indicators are calmly in line with the MACD and Bull Bear bear energy that shows clear pressure for sale.
• The main and resistance moving averages near 0.5700 attempts to ascend to the upward trend at the present time.

NZD/USD pair collapsed on Friday, diving towards a zone 0.5600, where the declining momentum dominated the session. The pair was circulated deeply in red, as it was fell more than 3 % a day and remains an average between modern contradictions at 0.5551 and 0.5798. The sellers remained firmly over the day, with technical indicators confirming the contraction. The procedure is revealed during the Friday session before the Asian opening.

Daily chart

Technicians suggest a clear bias on the negative side. MacD and the PULL BEAR POWER index, both signs of sale of printing, which inflames the emotional feelings. While the RSI Index (RSI) at 37.21 flirts with the sales lands.

Animated intermediate averages enhance the dumping tone in all fields. The SIA moving average is aligned for 10 days (EMA) at 0.57105 and 10 days of simple moving average (SMA) at 0.57148. Long -term indicators, including SMA for 20 days at 0.57342, 100 days at 0.57177, and 200 days at 0.59039, have a long period of sale pressure.