NZDUSD approaching pivot, potential for breakdown!
Price broke down and retested the ascending trendline support-turned-resistance is approaching level at 0.70850 which is in line with 23.6% level, 61.8% level and horizontal overlap support. If price could breakdown below , it could potentially push down further to support at 0.70115, in-line with 50% level, 61.8% level and 200MA.
Alternatively, price could swing towards resistance at 0.71700, in-line with 100% and 127.2 level and swing high resistance.
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