Chart Of The Day: NZD/USD

The Kiwi is closing in on key support once again at the .7000 level. The risk may be building for a probe below to trigger stops of near-term longs as the long-term (2014 – present) 50% retracement level at the .7147 level has held. A move below the .7000 level could put the .6900 or .6800 level in view before resuming the uptrend. RSI is pointing lower, which may be suggesting this. 

NZD/USD Daily Chart.

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