NzdUsd - trading with pivot points and pivot trend lines
Price was rejected at the monthly pivot and weekly trend line. Price presently sitting below the 8 hr trend line and weekly trend line. Price also opened below the daily pivot. If price closes below the daily trend and weekly pivot there will be no obstacles to block fall to demand at .7208 which is also the S! of weekly and monthly. The alternative is price is supported at weekly pivot and held down by weekly trend - price trades sideways.