The Kiwi has rallied back against the US dollar to 0.7950 from a low of around 0.7775. As you can see from its 4-hour chart above, this level was a previous support and could act a resistance now. If this happens then the NZDUSD pair may fall down. Notice that its stochastics are also in the overbought region, suggesting a possible dip in the near term. Moreover, a presence of a bearish hidden divergence or a negative reversal indicates a likely fall as well. Given these, I’m going to short the forex pair at present level and cover at 0.7900 with a stop loss at 0.7980. Wish me luck!
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