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NZD/USD sees bearish risk

  • Pair broke back inside the cloud suggesting bearish bias (0.7534 was the top)

  • Further weakness seen towards cloud's base at 0.7468

  • Doji reversal seen on daily charts from March 24

  • Support located at 0.7512 ahead of fibo support at 0.7504

  • 0.7504 = 38.2% of the 0.7191 - 0.7698 climb

 

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