Further Downside to be Seen on NZDUSD

Hi traders.

The pressure is still clearly to the downside on NZDUSD despite Friday's reversal off the s1 lows at .684, for that reason selling opportunities are preferred. It will take a convincing move above s3 at .7053 to signal a possible trend reversal so until then we bet on lower highs. The .68 figure is the next downside target with the possibility of a move all the way down to the .675 figure.

Enjoy!