- NZDUSD Technical Strategy: Sidelines Preferred
- Hammer May Fail To Sustain Upside Momentum
- Selling Pressure Looms Overhead At 0.8530
NZDUSD is back above the 0.8460 mark may fail to find follow-through with a Hammer formation lacking confirmation at this stage. A second successive up-day would help validate the reversal candlestick. However, the potential for a sustained recovery is questionable with significant selling pressure likely looming overhead at 0.8530.
