As per prior post, the NZDUSD had moved below the trend line, 100 , 200 bar MA on the 5 minute chart. That turns the tide back to the downside for the pair with the low for the day at the 0.7479 the next downside target. The low yesterday came in at 0.74555 follows. The 0.73325 is the 38.2% of the move up from the 2009 low. This is ultimately the next major target (see chart below).
Risk is for a reversal and a move back above the 200 bar MA (green line in the chart above at the 0.7520) or 100 bar MA (blue line at the the 0.7530 level and moving lower now).
