Technical analytics

NZD/USD

Sellers faced a decent support at 0.7150. Their first attempt to regain the handle failed. The price bounced off the level and slightly grew. The second attempt failed as well. As a result the spot is still around the level keeping flirting with it. The resistance is at 0.7200, the support stands 0.7150.

We preserve our short-term bearish outlook for the pair. We believe bears will keep struggling with the 0.7150 level in the coming days. 

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