Tend Still Bearish NZDUSD, Beware of resistance at 0.6485

Bias for NZDUSD still likely bearish for today, because the price is still below the MA 50-100-200 in the 4 hours chart. However, prices are likely to rebound in the short term because the Stochastic indicator that appears to be reflected up from the oversold area.

To the downside, immediate support seen at 0.6320 area, to penetrate to the bottom of the zone prices likely to continue the bearish movement towards 0.6250 area before aim for 0.6190 strong support area. Meanwhile to the upside, resistance levels closest seen in the area of 0.6380, breaking through to the top of the zone rates will likely move the neutral line is no clear guidance in the short term test to the area of 0.6430, back through to the top of the area of 0.6430, the price can move bullish further towards the strong resistance area at 0.6485.

Resistance levels: 0.6380, 0.6430, 0.6485
Support levels: 0.6320, 0.6250, 0.6190