Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.7108). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. NZDUSD is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 34.

Take Profits:
TP1= @ 0.7000
TP2= @ 0.6935
TP3= @ 0.6860
TP4= @ 0.6780
TP5= @ 0.6670

SL: Break Above R2

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Chart PatternsdollarTechnical IndicatorsnewzealanddollarNZDNZDUSDTrend AnalysisUSD

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