NZDUSD under bearish pressure after the earlier downward reversal from the resistance zone lying between the resistance level 0.61700 (top of the daily Evening star from the end of April), upper daily Bollinger Band and the 61.8% Fibonacci retracement level of the previous sharp downward impulse from January. With the strongly bearish New Zealand dollar sentiment seen today – NZDUSD is likely to extend the losses toward the next round support level 0.60000 (low of the previous daily bullish Engulfing candlesticks pattern from the start of this month).