UPDATE ON NZDUSD 4HR

This currency pair had been in a long-term bearish trend right from July of 2014. Price is now fluctuating in a bearish channel trend and also at a potential key-level support @0.63227.

Price is now bouncing in a consolidation medium and a daily close below support @0.63227 will give sign of bearish aggressiveness while a daily close above this key-level will signal interest in the bull side to make a rotation to retest dynamic resistance trend-line and which may open door for the bull to retest key-level resistance @0.64338.

Take note the overall trend of this currency pair is in a Strong long-term bearish trend.

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