NZDUSD downtrend persists, breaches key Fibonacci level. AUDUSD also lower. ...Middle East

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NZDUSD downtrend persists, breaches key Fibonacci level. AUDUSD also lower.
source : forex live ( Middle East ) () 58
The NZDUSD has continued its run lower started last week after the pair initially found resistance against its 100 bar moving average on the 4-hour chart (0.6082 at the time), 100 day moving average at 0.6060, 50% midpoint of the move up from the April low at 0.60363Downward sloping trend line (at 0.6031)In today's trading, the price initially moved higher, reaching a peak of 0.60269 in the first hour, testing the underside of a broken trend line where sellers leaned. The price then rotated lower, recently breaching the 61.8% retracement of the move up from the April low at 0.59927, with the current low set at 0.59707. The 61.8% retracement level (at 0.59927) now serves as a close risk level

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