FX:NZDUSD   New Zealand Dollar / U.S. Dollar
137 0 0
Long term trend: Up
Medium term trend: Down
Significant Levels: 0.7690 - 0.7750 (Horizontal Support), 0.8000 (Significant Round Number and Horizontal Resistance), 0.7820 (Short term significant area), Rectangle

The price recently broke below the support area . The breakout was a failure. After the breakout happened, the price did not go down much further and it went back in the consolidation area, which is the rectangle . We are still bearish with currency pair and we still want to a breakout below the support area . But again, the 0.7820 level was recognized by the market yesterday and the price might go down again so this level is worth to consider.

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