NZD/USD: Still In Technical Downtrend

 | Jan 06, 2015 05:42AM ET

NZD/USD point of confluence zone comes at 7745-7765 and if 7800 stands strong we should see a drop to 7670-40. Inner trend line , H4, 61,8 fib and historical sellers in the region make POC. After a big drop comes a big correction so I assume that NZD/USD is still in technical downtrend.