By ForexMansion.com
The NZD/USD has broken down through support at the 0.7350 level, and continued that again today. The pair looks very weak at this point, and should be ripe for fresh sell orders soon, especially if we get a retest of the 0.7350 area.
Traders may want to look at the shorter time frames for weakness, and sell from that. This will be the preferred route until we get above 0.7350 or higher. The recent consolidation suggests a target of 0.68 on the sell side.
