NZDUSD could sink to previous Aug 2015 Low

NZDUSD price for the month of July 2017 spiked to a high of 0.74657, the exact same range that rejected price in June 2015 back down to 0.62994 in less than 90 days. In the business of market price action, history most frequently repeats itself. The current bear market is strong and no buyers are in sight any time soon. To be precise, the last time any buyers were interested in this market May 2017 when price was 0.68315. Intra-day resistance previously at 0.72000, a breach below this price will tumble to next support 0.70622.

Trade active:

Bulls could not hold the 2 day advance any longer as Friday morning Bears show up with donuts no coffee. Trade plan active, 4-5 days.