FX:NZDUSD New Zealand Dollar/U.S. Dollar
PA has dropped to take out the first buy cluster and is now heading to take out the lower buy cluster also at the 61.8%. Waiting to watch PA here to see if a reversal is in play or further down movement. The broken buy support cluster at .7109 was taken out, but a new buy cluster has formed showing support of up movement.
***** HOW TO READ THE CHART: The red and blue lines represent clusters of BUY/SELL orders. The thicker the line, the stronger the cluster. Red = SELL, Blue = BUY. Grayed Out = Cluster Hit & Gone.