FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Ascending daily trend line (green) has been broken and retested, next target is the monthly ( gold ). I expect the descending trend line (red) to hold at least one more bounce off it, until price hits the monthly trend line , which will probably happen in the area where both lines meet. It's also a weekly horizontal resistance and a .38 fib retracement level.

Based on the pattern that occurred the last time price bounced off the monthly trend line , i'd guess a bounce back up to the .236 fib level before going down to test it again. This will also be the .38 fib retracement level from the short term move down.


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