NZD/USD increased today and still tries to close the yesterday’s gap down, but failed to stay near 0.7087 today’s high and now could reach the 0.7053 horizontal support if the USDX will squeeze a little after the morning drop. Price hovers above the 0.7053 support and below the median line (ml) of the minor descending pitchfork. It could come to retest the median line (ml) before will drop much deeper, the perspective is bearish as long as is located below this level.

Only a breakout above the median line (ml) will announce an increase towards the upper median line (uml).


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