NZDUSD Downside Targets

NZDUSD Downside target one (0.72000) was reached late last week early this week. NFP results may push the pair to further lows. Previous support of 0.72470 broke. Confluence with the alligator cross and a break of the 23.6% Fib zone. We will wait for Target two to be hit (0.70890) and a break of the 0.72520 support before adding more short positions.