Right now, the NZD is testing its at 0.639. The Fib extension target points to the 161.8 which offers a 3.7% downside target. The Fib target is above the below and there is little support before that. The path of least resistance is definitely to the downside.
Similarly to the AUDUSD pair, we are waiting for the next drop in the Chinese market wich would boost risk aversion, drag down the Kiwi and lift the Franc.
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