NZDUSD has come under renewed selling pressure, falling below its 20-simple moving average (SMA) after the pullback on the 40-SMA in the 4-hour chart. Despite the latest bounce off, the pair has not posted a fresh lower low, yet, but the technical indicators are endorsing the negative pressure. Looking at momentum indicators, in the short-term timeframe, they suggest further decline may be on the cards. The RSI indicator is sloping down in the negative area, while the MACD oscillator holds above its trigger line but remains in the bearish threshold. In case of further declines, the next hurdle to watch is the ... (full story)