NZDUSD, Daily
![NZDUSDDaily.png](https://eu-images.contentstack.com/v3/assets/blt73dfd92ee49f59a6/blt26edd9d2983bd3db/6683d4efdd8f16bad8801499/NZDUSDDaily.png)
In the Daily timeframe, the NZDUSD, in a long-term bearish trend, fell again after a slight rise. The price crossed MA100 and MA200 reaching the 38.2 Fibonacci support. However, despite the fall, DeMarker shows robust oversold conditions.
- If the bears push the price below 0.6050, we can expect a further drop to 0.5970;
- Otherwise, a rebound from support will bring NZDUSD back to 0.6110;