The NZD/USD has broken key horizontal support at the .5860 level today and has tested the 127% extension of the recent range (end of August to present) at .5815. This is also the previous resistance back from October 2022. A move below .5816 would put the long-term 78% retracement and 161% Fibonacci extension at .5732 as the next downside target.
NZD/USD Pressured Lower: What Lies Ahead?
