NZDUSD important bearish level has been broken

1 min read

2015-04-24_9-39-04

As we can see on the chart NZDUSD has broken through 0.7633 which is a previous swing and double bottom. The break happened with a strong momentum and the pair looks like it is targeting 0.7510-0.7445 in the course of next couple of days. For a further continuation to the downside the pair must break 100 pip range ( 0.7533 ) level to the downside. So far rallies to 0.7600 ( Double top, round number , DPP ) have been sold and overnight the pair was also sold.Correlation with EURUSD pushed the pair higher but there is a possibility of further selling throughout the day.

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