NZDUSD under bearish pressure after the earlier downward reversal from the resistance zone lying between the strong resistance level 0.64300 (which has been reversing the price from the start of September), upper daily Bollinger Band and the 38.2% Fibonacci correction of the previous sharp downward impulse wave (C) from July. Given the clear daily downtrend and the strengthening bearish New Zealand dollar sentiment – NZDUSD is likely to fall further toward the next support level 0.63250 (low of the previous wave (B) from the end of October).