NZD/USD, testing monthly support!
After three months of consolidation, NZD/USD continue the fall in January. In the last couple of days, the pair is testing previous monthly support levels at 0.7370/470. If the pair close January bellow this level (0.7370), furder decline is possible. On the other way, if the pair defend that level and close above, recovery in February could push the pair toward 0.7700, the previous support from consolidation months.