NZD/USD: Price action has been quite choppy of late, but ultimately we retain a bearish bias and look for the recent highs by 0.7100 to cap gains ahead of an eventual break back below 0.6800 over the coming days. Ultimately, only a close back above 0.7150 would give reason for pause.
Joel Kruger
Technical Currency Strategist
DailyFX Research Team
www.dailyfx.com
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