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NZD/USD pierces Sep '10 low, long-term bear trend intact

Thursday, June 11, 2015 1:24 PM UTC

NZD/USD long-term bear trend intact, diverging CB views to weigh despite short-term bounce
Pair pierces Sep '10 low, Aug '10 low (0.6947) next bear hurdle
Stops likely below, once run July & May '10 lows then targeted
Offers 0.7070/00, market looks to fade rallies as new bear channel forms

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NZD/USD pierces Sep '10 low, long-term bear trend intact

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