Sentiment : 0.80 0.7950
The pair NZD/USD is again testing the support at 0.7838. All indicators are bearish. The pair is moving into its former bearish channel (purple lines). We continue to advise short positions as far as 0.7950 is resistance. The breakout of 0.7838 will give a new sell signal and open the way towards 0.78 and 0.7754. In case of return above 0.7950, we will be neutral between this level and 0.80.
Chart of the pair NZD/USD - Timeframe 4H - Zoom in :
Chart of the pair NZD/USD - Timeframe 4H - Zoom out:
NZD/USD Live Chart - Timeframe : 4h