NZDUSD accumulating for drop to new low

• NZDUSD has been bearish for a long time now
  
• No reversal signs
  
• 1.618 extension on the 61.8% bearish retracement level perfectly matches previous daily support/resistance
  

Kommentera:

Another thing I forgot to mention is you might want to grab some profit at the 1.272 extension considering this June's low.