NZDUSD is starting to break our major support-turned-resistance level at 0.7276 and a strong drop could occur from here to push price towards 0.7184 support ( Fibonacci retracement , horizontal overlap support). We require a stronger close below our 1st support level at 0.7276 to add further conviction to the bearish setup.
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This analysis is provided as general market commentary and does not constitute investment advice.