Do you recall what happened to NZDUSD on July 30? The pair closed below ascending channel support that extends from the mid-June swing low. At the time, that 0.6490 area was the year-to-date low. I wrote about this breakdown on the 29th stating that a close below 0.6630 would expose 0.6490. The NZDUSD reached our 140-pip target on August 5. But that was just the start. On August 5, I wrote about how the 0.6590 area was likely to attract sellers. Sure enough, NZDUSD hit a session high of 0.6589 on the 6th before selling off hard over the next 24 hours. In that post, we also discussed how this continuation pattern ... (full story)