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NZDUSD Prone Slipping Back

nzdusd

NZDUSD is still in a correction phase after it was successfully rebound, but the shadow of the US payrolls data tonight predicted improved still weigh on the recovery NZDUSD . On hourly chart NZDUSD piercing candle pattern forming line with the RSI and stochastic moderate while the volume is limited ramp describe bullish of NZDUSD. for the next movement when NZDUSD failed to regain 0.7790 then there is potential NZDUSD slid down again with an estimated harge retrace to the 0.7730 area.

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