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NZDUSD Technical Outlook: Bearish Bias, Rejection from 200 EMA

Short
New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
ForexFunction  
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
nzdusdshort nzdusdanalysist chartanalysis 200ema-rejection 200ema-pullback
5
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nzdusdshort nzdusdanalysist chartanalysis 200ema-rejection 200ema-pullback
Nzdusd has rejected from 200 EMA on H4 time frame. This zone will be strong resistance for this pair in future. Now this pair is staying below near term resistance at 0.6970. Below this level, we can look for sell and target will be 0.6900 area as pointed on the chart.

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