{"id":103558,"date":"2020-08-21T07:55:16","date_gmt":"2020-08-21T06:55:16","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=103558"},"modified":"2020-08-21T09:34:19","modified_gmt":"2020-08-21T08:34:19","slug":"103967-nzd-usd-shaking-out-weak-hands-in-its-bearish-move","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/103967-nzd-usd-shaking-out-weak-hands-in-its-bearish-move\/","title":{"rendered":"NZD\/USD Shaking Out Weak Hands in Its Bearish Move?"},"content":{"rendered":"

NZD\/USD<\/a> was trading around 0.6540; it had touched a low of 0.6488 on Thursday.<\/p>\n

Check real time NZD to USD exchange rate<\/span><\/a><\/div>\n

The pair has recovered above 0.6520 after the recent breakdown from a head-and-shoulders pattern, in the four-hour chart. 0.6520 constitutes the neckline of the said pattern, and a move above it suggests the failure of the recent breakdown attempt.<\/p>\n

But, market participants are aware of the numerous instances in which such a price-action kick out weak hands – by revisiting earlier support-turned-resistance levels; and then continue the bearish course with strong momentum.<\/p>\n

If NZD\/USD trades below 0.6520, then the June 30 low horizontal support at 0.6385 will be in play. Such a bearish move is not out of the question as the 14-day relative strength index is bearish with a sub-50 reading.<\/p>\n

The NZD\/USD bulls have to wait for a close above Wednesday’s high of 0.6651 to be back in command.<\/p>\n","protected":false},"excerpt":{"rendered":"

NZD\/USD was trading around 0.6540; it had touched a low of 0.6488 on Thursday. The pair has recovered above 0.6520 after the recent breakdown from a head-and-shoulders pattern, in the four-hour chart. 0.6520 constitutes the neckline of the said pattern, and a move above it suggests the failure of the recent breakdown attempt. But, market […]<\/p>\n","protected":false},"author":163946612,"featured_media":47011,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1659,1381],"tags":[1649,3097,1730,1398],"class_list":{"0":"post-103558","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-nzd","8":"category-usd","9":"tag-nzd","10":"tag-nzd-usd","11":"tag-rsi","12":"tag-usd"},"acf":[],"yoast_head":"\nNZD\/USD Shaking Out Weak Hands in Its Bearish Move? - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/103967-nzd-usd-shaking-out-weak-hands-in-its-bearish-move\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Stelian Olar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103967-nzd-usd-shaking-out-weak-hands-in-its-bearish-move\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103967-nzd-usd-shaking-out-weak-hands-in-its-bearish-move\\\/\"},\"author\":{\"name\":\"Stelian Olar\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/c83637dd6dc82bcaadbc8b6c994d1186\"},\"headline\":\"NZD\\\/USD Shaking Out Weak Hands in Its Bearish Move?\",\"datePublished\":\"2020-08-21T06:55:16+00:00\",\"dateModified\":\"2020-08-21T08:34:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103967-nzd-usd-shaking-out-weak-hands-in-its-bearish-move\\\/\"},\"wordCount\":180,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103967-nzd-usd-shaking-out-weak-hands-in-its-bearish-move\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/nzd-gbp-1.jpg\",\"keywords\":[\"nzd\",\"nzd\\\/usd\",\"rsi\",\"usd\"],\"articleSection\":[\"NZD\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103967-nzd-usd-shaking-out-weak-hands-in-its-bearish-move\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103967-nzd-usd-shaking-out-weak-hands-in-its-bearish-move\\\/\",\"name\":\"NZD\\\/USD Shaking Out Weak Hands in Its Bearish Move? 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