NZD/USD: Despite the surge back above 0.7150, we retain a bearish bias and look for the market to top out by 0.7180 ahead of a major bearish resumption. The key short-term level to watch below comes in by 0.7000, and we would recommend looking to play a break back below this level in anticipation of some fresh declines.
Written by Joel Kruger, Technical Currency Strategist for DailyFX.com
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