NZDUSD recently reversed down with the daily Japanese candlesticks reversal pattern Evening Star from the resistance area located between the key resistance level 0.6350, upper daily Bollinger Band and the 61.8% Fibonacci correction of the previous sharp downward impulse from September. With the moderate bearish New Zealand dollar sentiment seen across the markets – NZDUSD is expected to fall further toward the next support level 0.6225 (intersecting with the support trendline of the daily down channel from March).
