Resistance: 0.8211 strong/0.8253 moderate/0.8278 minor Support: 0.8186 moderate/0.8145 minor/0.8120 minor Bearish Engulfing is just under the pivot point in NZDUSD Hourly charts, a moderate bearish pattern below a strong resistance. Given proximity to 0.8211, we can consider shorts under the said price with stops placed above the Pivot Point for a low risk-high reward trade. Immediate objective is 0.8186 then on to 0.8145 break of which gives us a run on the market. Learn more about the chart
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NZDUSD Bearish Engulfing Hourly Chart