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NZD/USD threatens key tech support

Monday, June 22, 2015 12:23 PM UTC

NZD/USD sets new marginal trend low overnight, little bounce seen since being set
0.6865 marks 50 Fib of 2009-2011 rally & monthly cloud base
A break & close below emboldens bears, July 2010 then quickly in play
RSIs maintain bear bias with no divergence, aids threat to key support
May 2010 low the ultimate goal for long-term bears but some now eye sub-0.6200

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NZD/USD threatens key tech support

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