NZD/USD plunged and reached the 0.7251 level, but failed to stay there as the USDX has slipped lower after the poor US data. Price dropped below the confluence area formed at the intersection between the 38.2% with the fourth warning line (wl3), a valid breakdown will accelerate the sell-off, while a fake out will send the rate towards the 23.6% retracement level.
