NZDUSD the pair faces further downside pressure as it looks to weaken further lower. Support lies at the 0.6300 level where a break will turn attention to the 0.6250 level. A break of here will have to happen to create scope for a move higher towards the 0.6200 level. Further out, support resides at the 0.6450 level. Conversely, resistance stands at the 0.6400 level. Further down, the 0.6450 level comes in as the next downside target and then the 0.6500 level. All in all, NZDUSD faces further downside threats.
