FxWirePro: Sell NZD/USD below 0.6670, down trend to continue further below

• NZD/USD fell from 0.6667 level and tested support at 0.6618 (23.6% Retracement Level), in the early Us session.

• Short rally around 0.6665 should be taken as advantage for selling opportunities, As NZD dollar is weak against the dollar in the short term.

• The pair is currently is trading at 0.6650, it is expected decline further towards 0.6600 and 0.6550 in the short term.

• To the upside, the strong resistance sits near 0.6710 (61.8% Retracement level), a break above this level would take it to upside to next resistance level at 0.6750 handle.

• To the downside immediate support level can be seen at 0.6618, a break below will open the door towards 0.6560 level.

Recommendation: Go short below 0.6670, targets 0.6620, 0.6580, SL 0.6730

Resistance Levels

R1: 0.6653 (38.2% Retracement Level)

R2: 0.6682

R3: 0.6711 (61.8 % Retracement Level of 0.6800 to 0.6561)

Support Levels

S1: 0.6618

S2: 0.6600

S3: 0.6561