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Sell the Bounce: NZDJPY Bearish Bias Persists Below 94.20, Eyes 90.50 
- NZD/USD price action dives below the cloud and the pair has made a clean break below the 0.6500 support.
- Test of 0.6420 levels likely after a global dairy auction to be held early on Wednesday. Dairy prices fell for the second consecutive auction earlier this month and dairy futures suggest a 10 percent fall at Wednesday's auction.
- Immediate resistance is seen at 0.6511 (Daily cloud top) and support is located at 0.6436 (Oct 6 lows).
Recommendation: Good to sell rallies around 0.6475, SL: 06545, TP1: 0.6435, TP:2: 0.6380
Resistance Levels:
R1: 0.6511 (Daily cloud top)
R2: 0.6515 (5 DMA)
R3: 0.6535 (10 DMA)
Support Levels:
S1: 0.6436 (Oct 6 lows)
S2: 0.6430 (Daily Low Oct 5)
S3: 0.6385 (Daily Low Oct 2)
