Forex: NZD/USD bounces at 0.8350 and test 0.8370

FXstreet.com (San Francisco) - After falling quickly to 0.8350 again, the NZD/USD has bounced at this level to retake the previous levels around 0.8370. Currently the pair is trading at 0.8365, almost flat from Thursday's opening price.

The NZD/USD is trading strongly bearish according to the FXstreet.com forex studies. Indicators such as MACD, CCI and Momentum are bearish while the Stochastic is neutral.

Above the 0.8370, next supports come at 0.8384 (Intra-day high)and 0.8395 (March 26th high). On the downside, the 0.8350 seems a key support ahead of 08340 and 0.8330.