NZD/USD Classical 07.29
NZD/USD: Gains have once again stalled out above 0.7300 and Tuesday’s bearish doji close has shown good follow through on Wednesday with the market pulling back quite sharply. Look for additional declines over the coming sessions towards next support by 0.7030, while only back above 0.7400 negates and gives reason for pause.
Written by Joel Kruger, Technical Currency Strategist for DailyFX.com
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