Sellers remain in control in the NZDUSD
The NZDUSD has had an up and down day. However, on the upside, the pair has been able to stay below a topside trend line at 0.6428 and the 100 hour MA at 0.64358. Last week, there were two attempts (Tuesday and Wednesday) to get above. Each failed. If the bulls are to take more control, getting above and staying above would be needed.
Below that level is a swing area at 0.6420-243 (yellow area in the chart above). The price action today has been above and below the level, but the price is currently below the level (bearish below). The 0.6408 is the low for the day and will be a target to get below now.
On a new low at 0.6408, there is a lower trend line at 0.6398. Below that is the August 6 low (and low going back to January 2016) at 0.63768.
