The strong rally from 1.07 was due to the RBNZ Interest rate news.
The negative news had a effect on this pair, causing a 300+ pip rally.
This rally is into an area where willing sellers overwhelmed demand.
Chances are, another fall is likely here.
The strong move up means there is no willing demand above 1.07.
This is good. It means that this should work to 5:1 return easily.
TP: >1.07610 (at least 5:1, 350 pips)