I think this market is going to make another rally and hit 1.79 once again. The EUR is still relatively strong and the NZD is the weakest one of the majors. The pair's been showing some signs of weakness though, as the resistance at 1.8 proved to be very strong indeed, not allowing price to penetrate this level. Caught in a range, it seems to be drifting to the right side, and dwarfed by the huge Aug-24 bar it seems unable to make any progress to the up side. It may still go lower a bit, but then I'd expect it to find support at 1.75-ish level and make another leg up.
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