Technical EYE (NZ dollar/U.S. dollar): A break below $0.5581 could see the pair test $0.5500 and other levels -

Minkabu reports that the NZD/USD downtrend is becoming more pronounced. A break below 0.5581 could prompt a test of around 0.5500, while a break above 0.5680/0.5687 could see it target 0.5750.

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The story

NZD/USD temporarily fell to $0.5611, setting a new year-to-date low as the recent search for a bottom continued. A break below $0.5581 is also seen as potentially leading to a test of $0.5500.

The downside targets are $0.5500, $0.5486 and $0.5470, with $0.5262 identified as the downside target if it falls further.

Meanwhile, a break above the conversion line at $0.5680 and the high of 28 September at $0.5687 could potentially lead to a test of $0.5750.

At a glance

Currency pairNZD/USD fell to $0.5611, setting a new year-to-date low.

Downside targetIt may test 0.5500/0.5486/0.5470, with 0.5262 as the target if it falls further.

Upside conditionsA break above the conversion line at $0.5680 and the high of $0.5687 was seen as potentially opening the way for a test of $0.5750.

Reference information. Every claim resolves to something the story actually named.

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All of them report the same thing.

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