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Nzd/usd under pressure

Technically speaking nzd/usd is under pressure after falling 300 pips from the critical resistance at 0.7380$ area.

The pair has fallen to 0.7070$ area which provided mediocre support helping create a rebound to resistance area around 0.7145$ .

The pair was rejected retracing back to 0.7095$ before rallying again to 0.7130$

I expect that rally to fade now and fall again to 0.7078$ area again before resuming any decline.

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