NZD/USD Technical Analysis: Well-established bearish trend to aim levels farther below 0.6700 handle

   •  The pair remained under some selling pressure for the sixth straight session on Tuesday and the slide over the past one week has been along a descending trend-channel formation on the 1-hourly chart.

   •  Technical indicators on hourly charts maintain their bearish stance and have just started gaining negative traction on the daily chart, clearly pointing a well-established near-term downward trajectory.

   •  Moreover, the fact that the pair remains well below important intraday moving averages - 50, 100 & 200-hour SMA, add credence to the bearish outlook and further near-term depreciating move. 

   •  Hence, a follow-through selling below the 0.6700 handle should open the room for an extension of the recent downfall towards the trend-channel support, currently near the 0.6665-60 region.

NZD/USD 1-hourly chart