NZDUSD currency pair reversed earlier from the resistance area located between the key resistance level 0.68500 (former monthly low from September), upper daily Bollinger Band and the 50-day simple moving average. The downward reversal from this resistance area stopped the previous minor correction 2. Given the clear daily downtrend and the strongly bullish U.S. dollar sentient seen across the FX markets today – NZDUSD currency pair can be expected to fall further toward the next support level 0.67850.
