Our trend for the day is NZD/USD.
Known affectionately by traders as the Kiwi Dollar, its recent multi-month downtrend was interrupted by an over 400 pip counter trend rally from the 2008 all-time low of .6440. The daily down trend seems to have caught its breath and is ready to take the Kiwi lower. Resistance found at the 61.8% Fibonacci resistance level of the 0.7210-0.6440 swing high-low has re-ignited the move south.
See the attached chart:
