NZDUSD slides another day in a row after a successful resistance test at 0.7334. Now the weakness of the New Zealand dollar has led to set a new low this month. In addition, the price was in the support zone between 0.7200 – 0.7222. It is important how this test will develop. A definite closure under 0.7200 would open the way for further falls. The nearest target for this scenario will be the support/demand zone around 0.7080. In case of a successful test of the aforementioned support area pair will be trapped in the consolidation between 0.7200 and resistance to 0.7334.
