I am battling a head cold this week so a very quick example for you to watch in the days ahead…
The NZDUSD has tested the 50% level at 7170 and found good support at this point. Currently it is against 7265 which is a Fibonacci level, and this may well be a point to watch for reversal lower
IF the currency pair again retests the 50% level and falls lower it will be an opportunity to get short. The interest rate rise in the US is coming and this will drag the NZD lower with it.