FXTechstrategy
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NZDUSD Bearish Pressure Eyes 0.6502 Zone

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
NZDUSD bearish pressure eyes 0.6502 zone as it retains its broader medium term downtrend. This development leaves it vulnerable beyond the above support. Support lies at the 0.6450 level. Further down, the 0.6400 level comes in as the next downside target. Its daily RSI is bearish and pointing lower suggesting further weakness. On the upside, resistance resides at the 0.6600 level where a break will turn attention to the 0.6650 level. A break of here will have to occur to create scope for a move towards the 0.6700 level. Further out, resistance stands at the 0.6750 level. All in all, NZDUSD faces further downside pressure medium term.
I agree with your bearish view on NZDUSD, we have found resistance level at 0.65366 which is a horizontal overlap resistance, 23.6% fibonacci retracement.
Aditionally RSI is also showing a bearish exit.
Glad that we have the same view on NZDUSD:

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