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NZDUSD Breaking Down To Find Support

Disappointing GDP Report added losses to the pair NZDUSD which was already suffering due to the FOMC statement. Yesterday NZDUSD fell sharply after the Fed decreased its asset purchasing program by $10 billion and found support at .8522 and again broke this support level by falling down to .8499 after the Statistics New Zealand reported that the country’s gross domestic product rose by .9% in the fourth quarter missing the expectations for an increase of 1%. 

On the 4 hour chart of NZDUSD, we could see the next support levels if the pair breaks the current support.