NZD/USD: Bulls fail to break the 0.66 key level again

NZD/USD bulls have failed to break the 0.66 level once again. However, the bears couldn't take advantage of this. All though the chances of a drop towards 0.64 is increasing, waiting for a clear break of the 0.6550 level is important for the sellers.
How NZD/USD will move this week depends a lot on the state of the global equities. So, keep an eye on the global stock markets. If the stocks start bleeding this week, there's a high chance that NZD/USD may drop.