NZD/USD was in a strong and consistent downtrend during the recent Days that sellers were successful in obtaining the lowest price of 0.84000. As it is obvious in the picture below, price with reaching to the supportive edge of down channel also round support level has been stopped from more descend and by forming a bottom price of 0.84000 has prepared the field for ascending of price. (Sellers use the supportive edge( also round support level) of that to leave their trades.)
As it is obvious in the picture below, there is non-ideal butterfly pattern between the top price of 0.87779 and the bottom price of 0.84000 that there is a potential for ceasing of price from D point of this pattern. Stoch indicator in Daily time frame is in saturation sell area and with the next cycle warns about ascending of price during the next candles. According to the technical signs, there is no clear reason for descending of the price in daily time frame and Generally according to the formed signs in price chart until the bottom price of 0.84000 is preserved, price will have the potential for ascending and reformation.
Technical Analysis of NZD/USD dated 2014.06.06