NZD/USD extends bearish channel

FXstreet.com (Chicago) - NZD/USD continued printing lower highs and lows until reaching the 0.8340 zone from where it seems to forge grounds in the afternoon of the American trading session.

NZD/USD Technical Levels

Technically speaking, the pair is offered at 0.8358 and oscillates between the supports aligned at 0.8348 (November 7th highs), 0.83 (November 14th highs) ahead of 0.82 (November 12th lows) and the resistances set at 0.8413 (November 6th highs), 0.8444 (October 23rd highs) followed by 0.8515 (October 19th highs). According to the FXstreet.com trend index on one-hour timeframe analysis, the pair is slightly bearish with a neutral EMA20.