NZDUSD Bullish Engulfing 4-Hour Chart

Resistance: 0.7985 strong/0.8043 moderate/0.8119 minor Support: 0.7910 moderate/0.7852 minor/0.7777 minor Market bias for NZDUSD is bearish with prices under a strong resistance at 0.7985. 4-Hour candlesticks however have a mid level reversal pattern, Bullish Engulfing. Look for a close above the Pivot Point, 0.7985, for a run to 0.8043 with stop losses just below the patterns low. Break of 0.8043 could lead to a market rally for 0.8119.

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NZDUSD Bullish Engulfing 4-Hour Chart

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