NZD/USD Classical Technical Report 10.07
NZD/USD: The market remains under pressure and a fresh lower top has now been confirmed just ahead of 0.8000 with the break back below 0.7635 opening the current downside extension which exposes a drop towards the 0.7300 area over the coming days. Ultimately, only back above 0.8000 would delay outlook and give reason for pause, while rallies towards 0.7900 should be aggressively sold.
--- Written by Joel Kruger, Technical Currency Strategist
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