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NZD/USD sets new lows, bigger losses likely

Wednesday, June 17, 2015 12:53 PM UTC

NZD/USD consolidation ends, new low set, bear pennant forming since last week sees break lower
Bigger losses likely after pennant break but Fed risk looms, long-term bears eye May 2010 low
If Fed dovish today's slide might erode & bull reversal signs might emerge
0.6890/00 support for now, channel base & 0.6900 bids a bear hurdle
Beyond there 0.6840/50 & July '10 low are next supports

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NZD/USD sets new lows, bigger losses likely

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