NZDUSD continues to fall inside the short-term impulse wave 3 which recently broke through the support area lying at the intersection of the support level 0.6269 (which stopped the previous sharp impulse wave 1) and the support trendline of the wide daily down channel from March. Given the strong daily downtrend and the strong bullish sentiment affecting the US Dollar – NZDUSD is likely to remain under bearish pressure today and fall toward the next support level 0.6200 (which reversed the price in the middle of 2015).
