NZD/USD: has a downward breakout taken place?

Forex analytics: Since July 2014, the pair NZD/USD has been in the downtrend. In August 2015 the pair managed to correct from the lows of August 2015 (at the level of 0.6260) to the level of 0.6860 (Fibonacci 23.6%).From the beginning of 2016 the pair NZD/USD remains in the range of 0.6410 and 0.6860 (Fibonacci 23.6% and ЕМА50 on the weekly chart).Last week, when RBNZ suddenly lowered interest rate in New ...