NZDUSD H4 - depreciation coming

As a result of yesterday’s dynamic depreication NZDUSD broke local support at 0.7255, where the price was for few days. Note that sinceyesterday evening we observed a calm upward correction and support (now resistance) coincides with the 38.2% Fibo correction. Its re-test and rejection could be a signal for declines. In short term, we can consider opening short position on NZDUSD.