NZDUSD was highest since April 25th. Today’s upward move got the pair over resistance at 0.6940 / 50, which bulls have struggled with repeatedly this month.

Now it is important to see how the closing of today’s session will look like. If it falls on levels close to the current ones we can probably expect further increases where the nearest target for buyers will be resistance at 0.7052.

Alternatively, before declines should defend the area between 0.6940 / 50 and local support around 0.6895.


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