NZD/USD currency pair has recently broken the uptrend line extending from March 2011.
Obvious bearish reaction of the price towards the resistance levels 0.8250 - 0.8300.
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On the 4H chart we see confirmed double top pattern at resistance level 0.8175 which is 61.8% Fibonacci level and the upper limit of the bearish channel.
A large price gap to the downside allowed the pair to make an obvious lower low.
Based on the Previous analysis
Level 0.8090 - 0.8100 is a good SELL area.
TP at 0.8055 , 0.8010 then 0.7980.
SL should be placed above 0.8200.
