NZD/USD extends the sell-off confirming a further drop in the upcoming period. Is trading in the red and should hit fresh new lows in the upcoming days because is located deep in the seller’s territory. Has plunged much below the 50% retracement level, signaling that will drop towards the 61.8% retracement level. Could also be attracted by the fifth warning line (wl5) of the ascending pitchfork.
