Flash: NZD/USD, break of 0.7635 suggests 0.7456 - JP Morgan

FXstreet.com (Barcelona) - While NZD/USD continues to be well protected by the key .7685/35 support zone, the recovery seen so far, according to Niall O'Connor, FX Strategist at JP Morgan, "maintains a corrective spin."

O'Connor adds: "New lows cannot be ruled out particularly as this week’s high failed below key resistance near the .7950 zone. A break of the .7635 - the trendline support from the November ’11 low - suggests a closer test of the .7456 June ’12 low."