Price is going down very fast and ignores all support levels. I’ve said in the previous reports that the NZD/USD should drop further and should take out the dynamic support from the wl5. Now is pressuring the 61.8% retracement level, could ignore this as well if the USDX will reach new highs. The pair is trapped between the WL3 and WL2, but is could develop a Falling Wedge pattern if will fail to reach the 0.7053 horizontal support.
