NZD/USD - NZD/USD Fell For the Sixth Consecutive Day - 12/21/2016 (GMT)

The NZD/USD pair is trading higher today as the price challenged a fresh more than six months low at 0.6880 obstacle and rebounded on it. The price is approaching the 0.6950 price level following an aggressive sell-off since the previous week. The pair plunged more than 2.8% and despite that, if the commodity currency surpasses the latter level, it will open the way for the 0.7040 resistance level which holds slightly below the 200-SMA. Otherwise, if the price slips below the new low, it will fell near the 0.6810 handle.