NZDUSD has been falling in the last few trading sessions inside the short term impulse wave 3, which started earlier from the resistance area lying between the strong resistance level 0.6420 (monthly low from October of 2018), upper daily Bollinger Band and the 38.2% Fibonacci correction of the previous downward impulse 1 from July. With the strengthening bearish sentiment affecting New Zealand Dollar, NZDUSD is likely to remain under bearish pressure today and retest the next major support level 0.6300 (which stopped the earlier impulse wave 1 at the start of September; this level also stopped the sharp downtrend in the middle of 2015).