Sentiment : 0.80 0.7950
The pair NZD/USD has continued its bearish movement and opened on a bearish gap below the support at 0.7838 (new sell signal). The gap is still not filled in. All indiactors are bullish. 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 0.78 will give a new sell signal and open the way towards 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