NZD/USD very strong in the bearish bias at H1 chart
By
Felipe Erazo
PUBLISHED:
04 Jun 2014 @ 10:16
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More info about Felipe Erazo
The NZD/USD has strengthened the current bearish trend in the last days.
The Kiwi is trying to make a breakout in the support level of 0.8410, as this pair remains below the pivot point level of 0.8444. If the NZD/USD manages to make a breakout at the level of 0.8410, next target would be the support level of 0.8386. However, if this pair is achieved consolidate above the pivot point, it is expected to rise to the resistance level of 0.8468.
The MACD indicator is entering oversold.
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