NZDUSD currency pair recently reversed down from the key resistance level 0.68500 (which has been reversing the price from the middle of August), intersecting with the upper daily Bollinger Band. The downward reversal from the resistance level 0.6850 completed the previous ABC correction 2. Given the strength of the resistance level 0.6850 and the clear daily downtrend and the strongly positive USD sentiment seen today – NZDUSD currency pair can be expected to fall further toward the next support level 0.67000 (which reversed the price twice in December).
