NZD/USD Holds Above May LowNew Zealand Dollar / U.S. DollarFOREXCOM:NZDUSDFOREXcomNZD/USD halts the decline from earlier this week to hold above the May low (0.5847), with a move/close above the 0.5920 (61.8% Fibonacci extension) to 0.5930 (78.6% Fibonacci extension) region bringing the 0.6040 (61.8% Fibonacci retracement) to 0.6070 (61.8% Fibonacci extension) zone on the radar. Next area of interest comes in around the July high (0.6120), but the rebound in NZD/USD may turn out to be temporary if it struggles to trade back above the 0.5920 (61.8% Fibonacci extension) to 0.5930 (78.6% Fibonacci extension) region. A breach of the May low (0.5847) opens up 0.5830 (38.2% Fibonacci retracement), with the next area of interest coming in around 0.5740 (78.6% Fibonacci retracement) to 0.5760 (100% Fibonacci extension). --- Written by David Song, Senior Strategist at FOREX.com