NZDUSD has been falling in the last few trading sessions inside the impulse wave (iii) of the medium-term downward impulse sequence (C) from the end of December. The price earlier broke the support trendline of the daily up channel from September and the 50% Fibonacci retracement level of the earlier upward ABC correction (B) (enclosed by the aforementioned up channel). Given the strong bearish New Zealand dollar sentient seen across the markets today– NZDUSD is likely to extend the losses toward the next support level 0.63850 (target for the completion of the active impulse wave