Tests for sellers.
Last week, the NZDUSD fell below trendline support, the 38.2% of the move up from the January 2016 low at 0.70499 and the 200 day MA. ON Friday the pair closed below that MA the first time since March 15, 2016. All of that was bearish, bearish, bearish.
Forex technical analysis: NZDUSD checking underside of broken trend line
