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If you’re short NZD/USD you should be aware of the rapidly approaching level of 0.6176

NZD/USD is moving towards a resistance line. Because we have seen it retrace from this level in the past, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 16 days and may test it again within the next 3 days.

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