NZDUSD: Potential Reversal Zone
0.7002 is a fib 786 retracement level while it is also a resistance of the day. Being a psychological 00 figure, it adds strength to the dynamic resistance and shorts are highly probable from here for target of 0.6780. However 7052 is the previous top which is also a multi month high as well. Further strength to our short selling is supported by the RBNZ intention to ease off in coming months.
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