The pair just keeps on going and reached the next level of support within 2 days of my last update on 7 June. Daily and weekly candles closed bearish on Friday. The pair is oversold and due for a pull-back, but in this market anything is possible. I will be watching the 1.5515 area for a break below before taking another sell, failing, I will wait for a higher price to sell again. NZD was again strong last week and will watch whether the strength will continue next week. The pair has fallen 550p since I posted the trade idea on 27 May. The next area of support if it breaks 1.5515 is at 1.5420.

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