NZDUSD Bearish Engulfing Hourly Chart Resistance: 0.8152 moderate/0.8170 strong/0.8193 moderate Support: 0.8129 minor/0.8111 minor The Bearish Engulfing in Hourly charts is a confirmation of the overall bearish trend. With a moderate resistance at, 0.8152 consider shorts from the said price with a stop loss above it. Alternatively stops could be placed above the pattern high. Immediate objective is 0.8129, break of which opens us to a sell-off to 0.8111.
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