Slipping Under the MA-21, NZDUSD Back Bearish

Referring to the 4-hour chart, visible bias remains bearish especially if price able to break below the lowest level consistent on 7 September at 0.6240 area. Potentially trigger further bearish momentum testing 0.6195 area before targeting 0.6150 area.

On the reverse side, the MA-21 around 0.6305 will act as immediate resistance. With stochastic and RSI are visible from oversold, a clear break above that area should be trigger bullish correction scenario re-testing 0.6360 area or even the 0.6400 area (61.8% Fibo of 0.4893-0.8841).