NZDUSD continues to fall after the earlier breakout of the support zone lying between the support level 0.65400 and the 50% Fibonacci correction of the previous sharp upward impulse wave from the end of June. Given the strongly rising bearish New Zealand sentiment seen across the FX markets today – NZDUSD is likely to fall further toward the next round support level 0.65000 (former low of the daily Hammer candlesticks pattern from the middle of July).
NZDUSD broke 0.65400 support area; Likely to fall 0.65000
![](https://analysis.leoprime.com/wp-content/uploads/2020/08/NZDUSD-Primary-Analysis-Aug-17-1513-PM-1-day-1-1200x548.png)