What a swan dive: New Zealand dollar down for seventh day
Complete roll over in NZD/USD
This chart is a train wreck. NZD/USD has fallen in seven straight day and with today's fall below the January 2 low of 0.7072, it's now in negative territory for the year.
So much for global synchronized growth.
The next big level is the 61.8% retracement of the rally, which is at 0.7064 or 0.7029, depending on if you start in November or December.