NZDUSD recently reversed down from the resistance area lying at the intersection of the resistance level 0.6430 (top of the previous correction 2 from September), upper daily Bollinger Band and the 38.2% Fibonacci correction of the previous impulse wave 3 from July. The downward reversal from this resistance area created the daily reversal pattern Shooting Star (standing outside of the upper daily Bollinger Band, which is a strong sell signal for this currency pair). NZDUSD is expected to fall further toward the next support level 0.6360 (former top of waves (a) and (b)).
NZDUSD reversed from 0.64300 resistance area; Likely to fall to 0.6360
