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NZDUSD






7/30/2015 6:47:40 AM

NZDUSD - Technical Analysis: Thursday, 30/07/2015 10:47 GMT



The pair continues its main bearish track, and the recent trading is confined inside a continuation bearish flag pattern, its support located at 0.6600, and breaking it will confirm resuming the bearish trend towards the extended targets that reach to 0.6300 followed by 0.6000.

MACD overlaps negatively to support the expected decline, which is prevented by stochastic current positivity.


Target
Risk


Support
Resistance


Trend Bearish

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