NZD/USD: Daily and Weekly chart are bearish
The RSI is below its neutrality area at 50.
The MACD is negative and below its signal line.
The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.6847 and 0.6987).
Our preference: The downside prevails as long as 0.6885 is resistance.
Alternative scenario: The upside breakout of 0.6885, would call for 0.7041 and 0.7134.
The MACD is negative and below its signal line.
The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.6847 and 0.6987).
Our preference: The downside prevails as long as 0.6885 is resistance.
Alternative scenario: The upside breakout of 0.6885, would call for 0.7041 and 0.7134.
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