The NZD/USD is in a bearish short-term trend as long as price is below 0.7525. Price is making lower lows and lower highs since July 27th. I expect more Dollar strength to push this pair towards 0.73-0.7260 at least.
The NZD/USD is inside a bearish short-term channel. Channel resistance is at 0.7455. In this area, we also find the resistance by the Ichimoku cloud. So price has turned back up to back test the breakdown of the cloud....holding below the cloud will strengthen our bearish scenario for a move lower.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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