NZDUSD currency pair under the bearish pressure after the price broke the key support level 0.68750 (which has been reversing the pair from the start of September, as can be seen from the daily NZDUSD chart below). The breakout of the support level 0.68750 accelerated the active impulse waves 3 and (C). Given the daily downtrend and the widespread bearish New Zealand dollar sentiment seen across the currency markets today, NZDUSD currency pair can be expected to fall further toward the next support level 0.68000 (previous monthly from the middle of August) – from where the price is likely to correct up.