As you can see, when $NZDUSD reached 0.685 and tested its weekly trading range's top (also a that acted as resistance) it folded and closed the week below 0.68,
0.685-0.69 is the nearest strong that you can try and short as long as $NZDUSD will remain below it..
However, if the price will break higher, I would pay close attention to 0.7 - A psychological level that also includes 2 completion zones - pattern and .
0.7 Would be a great sell zone to monitor if the price will find the strength to reach to it.
Obviously, the first target zone in such scenario would be 0.685 - A resistance that will turn to support.. but I wouldn't rule out a deeper retracement to lower level, even to the 200 days MA as $NZDUSD perhaps just started its weekly reversal and it may be a shaky one.
Tomer, The MarketZone
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