The NZD/USD test the 0.7700

FXstreet.com (San Francisco) - New Zealand dollar trades at lower today against its American counterpart and after extending its fall in more than 150 pips in the U.S. session.UU. the NZD/USD is testing the 0.7700, the lowest level since June of 2012.

Currently, the NZD/USD operates 0.33% negative on the day. The prospect in the short-term is still slightly bearish, according to the index's trend of FXstreet.com on the 15 minute chart. Indicators such as MACD, CCI and Momentum are pointing towards the South, while the stochastic is bullish.

NZD/USD bearish bias

NZD/USD has a bearish bias in graphics, with MA in negative terrain, both short term and long term. The pair continues to operate below the pivot with the resistance that comes below 0.7750. The channel will remain intact whenever the pair not close above 0.7885, upper part of the downstream channel.