NZDUSD.. 704X-5X just might be top off zone on the pair....

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
NZDUSD             ..
NZDUSD             ..

Most are of the view that there is stiff resis to 7940-6X zone and not denying that at all; but only referring a potential pattern in place that calls for 100 odd pips higher to listed resis as most optimum zone going short.. Hence 704X-5X likely to get tested and if so; ideally for shorting..

NZDUSD             Daily -
Trade active: NZDUSD pretty much held right on to the expected resis zone and first true test on the drop is close by to 6970.. A clean break under would make the channel play more effective with expected run lower to potentially drop another 100 odd pips there off..

NZDUSD 30 mins - 6970 clean breaks should brighten this trade up..
Trade active: http://i.imgur.com/7sbqD9t.png
NZDUSD Daily -
Trade active: http://i.imgur.com/MOcmmyI.png
NZD 30 mins - Then and now..

NZDUSD Daily - NExt bigger step is mid 67XX..
Comment: http://i.imgur.com/rHXdaQA.png
NZDUSD Daily ---- Explained within the chart...
Comment: http://i.imgur.com/OkRySqI.png
NZD 4 hr - Now...
NZDUSD Daily ---- Explained within the chart...
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