NZDUSD continues to fall inside the sharp downward correction (b), which started recently from the resistance area lying between the round resistance level 0.60000 (former strong support from the start of March) and the 50% Fibonacci retracement of the previous downward impulse from last month. Given the clearly bullish US dollar sentiment coupled with moderately bearish New Zealand dollar sentiment seen across the markets today – NZDUSD is likely to fall further in the active correction (b) toward the next support level 0.57700.
