• NZD/USD bears unrelenting as pair sets new long-term trend low
  
  
• Aug '10 low & bear channel base neared, bounce seen but it's meager
  
  
• Break of 0.6945/50 opens door to July 2010 low at 0.6795
  
  
• Above 0.7070 eases some bear pressure but long-term bears to sell rallies
  
  
• Market sees 54% chance of July RBNZ cut, so pressure on NZD to remain