Kiwi reversed losses of previous two weeks and currently testing a critical resistance in the area between 0.7225-60$ .
A 4h candle close above 0.7260$ will open the door to 0.7330-60$ . I prefer going short at current level 0.7235$ and adding another position at 0.7258$ .
Take profit at 0.7125$ , then 0.7080$ ..I see #nzdusd heading back to 0.6950$ area and long term target 0.59$
The pair is also facing tough resistance at 0.7250$ area because of the 200 moving average on the 4h chart.
