- NZD/USD bears in control on the 15-min time frame.
- Bulls seeking an hourly upside break will need to wait for conditions to flip bullish above structure.
NZD/USD is offering a bearish bias on the lower time frames while below structure and in a bearish environment according to the technical indicators n the 15-min chart.
The following illustrates that the price made a 38.2% Fibo and extended to a 50% mean reversion of the bullish impulse.
As such, the price can be expected to move higher, although the 15-min sticks offer a conflicting scenario while below the 21-moving average and with MACD bearish.
Hourly chart
15-min chart, bullish
15-min chart, bearish
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