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NZD/USD sets new lows, bigger losses likely

NZD/USD consolidation ends, new low set, bear pennant forming since last week sees break lower Bigger losses likely after pennant break but Fed risk looms, long-term bears eye May 2010 low If Fed dovish today's slide mig…

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  • NZD/USD consolidation ends, new low set, bear pennant forming since last week sees break lower

  • Bigger losses likely after pennant break but Fed risk looms, long-term bears eye May 2010 low 

  • If Fed dovish today's slide might erode & bull reversal signs might emerge

  • 0.6890/00 support for now, channel base & 0.6900 bids a bear hurdle

  • Beyond there 0.6840/50 & July '10 low are next supports

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