NZDUSD 16 March 2023. NZDUSD on the H4 timeframe, it can be seen that this pair is experiencing bearish after being in a bullish trend since the last two days. if you refer to the stochastic and MFI indicators, there will probably be a bounce back after saturation due to oversold. But formoment If you look at the Ichimoku indicator, this pair is still experiencing a transition period, stay alert to the next indication and trade with your own risk.