On chart H4 of pair NZD/USD we see that after a period of strong growth, the price began to move sideways. Key resistance is at around 0.7240 and support at the level of last two lows at 0.7130. We see a reflection from resistance and decreases, probably in the direction of support. It seems that falling below the minimum of downward movement should mean its continuation.

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Looking for an opportunity to play on dips, you should look at the H1 chart. We are dealing with a re-test of the line of bullish move and setting a potential high after a period of correction. Interestingly, the price often reacted on similar level. It is therefore possible that there will be declines, and falling below the minimum of morning hours should increase chances of declines to key support.

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