Technical outlook and chart setups:
1. The NZD/USD pair is seen to be pulling back for now from 0.8460 levels as seen here. Please note that resistance is around 0.8575/80 levels, where backside of trend line is also seen to be passing through. The pair is expected to reverse from those levels.
2. Support is seen at 0.8400 levels, followed by 0.8350, 0.8250 and lower while resistance is seen at 0.8575.80, followed by 0.8720, 0.8830 and higher respectively.
3. The structure indicates that NZD/USD remains sell on rallies into 0.8575/0.8600 for now.
Trading recommendations:
Remain flat for now, sell on rallies through 0.8575/80
Good luck!
