The Daily Chart of Nzd/usd is getting quite interesting. This pair is in downtrend for a long time but from my point of view maybe the trend has lost its force and some major correction is on its way. there are 2 points in my analysis-

1. The price has broke the trend line .
2. If we look the past price action, when ever it approaches a support level it bounces back to the nearest resistance, then broke the level and continue to move down. But in the last time the behavior changes, it broke the level bonces back, then failed to broke the last support zone. and formed a double bottom.

i will closely watch this pair in the upcoming week.
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