NZDUSD Analysis
1 From the 4-hour chart, the short-term gain of the exchange rate is blocked at the August 3 low of 0.6718, MACD re-established a dead fork operation, The exchange rate also fell below the short-term uptrend line, and the short-term biased downwards. Concerned about the support of 0.6542-0.6717, the 38.2% retracement of 0.6650 is supported. If the position is lost, the exchange rate may fall further to 61.8%. Position 0.6609 near support;
2 Above focus on the resistance near 0.6681, this is the resistance of the previous uptrend line. If it rises above the position, it will weaken the short-term bearish signal, and further resistance is near the Bollinger line 0.6725, if accidentally Breaking the position increases the bullish signal
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