NZD/USD
The
NZD/USD fell during the course of the session on yesterday, as we
continued to see bearish pressure. We believe that the 0.73 level is
somewhat supportive, but this market should continue to go much
lower. We will more than likely try to reach the 0.7150 level, which
offered support the last time, but we believe it will break down
eventually and let the market head down to the 0.70 level. We believe
that rallies will offer selling opportunities, as the 0.75 level
above is resistive.
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