NZDUSD Takes Breather But Pressure on Hourly Remains

NZDUSD Takes Breather But Pressure on Hourly Remains for FX:NZDUSD by FXCM

NZDUSD Takes Breather But Pressure on Hourly Remains



NZDUSD is in the bearish area on the daily chart on the left. The pair is taking a breather with the stochastic moving above 20. However, further angle and separation in the EMAs and a bearish cross of stochastic potentially reassert downward pressure. To this end, a movement of stochastic below the 20 level and maintenance of that level increase chances of further downside movement.

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