The NZDUSD currency pair on the 4 Hours Chart has been in a downtrend since 12 September 2019 when it registered the high price of 0.64506. Subsequently, the price displayed a series of lower tops and lower bottoms. On 17 September 2019, the NZDUSD currency pair recorded the low price of 0.63247. When applying Oscillator Analysis to the price chart, one can see that price is trading below the SMA 60 period Moving Average line, a fact which confirms the Kiwi's downward direction. Furthermore, the MACD (Moving Average/Convergence Divergence) Oscillator is recording values below the zero line which hints to the bearish bias of financial instrument. Additionally, the RSI (Relative Strength Index) Oscillator registers values in the oversold zone after an increase in sales and excess of net decline. All three technical indicators are in agreement with regards to the downward bias of the financial instrument. Three price targets may be calculated upon applying the Fibonacci tool to the price chart. The first price target is estimated at 0.63843 (161.8%). The second price target is seen at 0.63433 (261.8%). The third price target is projected at 0.62769 (423.6%). The first and second targets were reached successfully. The Kiwi is currently trading below the downtrend line. Its current price is 0.75% below the last week's close after a sharp decline in price during a period of heavy selling. The presence of the Bearish Evening Star pattern hints at a potential rally to the downside. Of course, supply and demand as well as the crowd sentiment will determine the course of Kiwi.