NZDUSDH1: Bearish outlook seen, further downside below 0.59327

Prices haves rebounded to 0.57352 after hitting a fresh 2 year low of 0.5663. General sentiment is still bearish until prices make it above the 0.618 retracement level (0.59327). A near term resistance at 0.58113 must be overcome before we get start to see a switch in sentiment for the kiwi.