NZDUSD currency pair moves from the end of June in the sideways movement between zones of 0.6960 – 0.7305. Currently located at the upper limita of that consolidation. There appeared to bear formation in the form of a pin bar.

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Pin bar is very eloquent and false breaks the resistance levels shown in the chart. There are a lot of potential for further declines. Immediate goal may be a key area of support around 0.6960. On the way to the goal must be overcome local support levels shown in the chart below.


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