Here is my take on the NZD/USD. The pair has been consolidating in a complex correction, range bound between 0.68 and 0.71 for several weeks now. The move down from the top at 0.7080 definitely does not look impulsive, so it is likely this correction still had yet to complete. I think the final Z leg will likely break above the recent high to test the 50% Fibonacci and possibly even the 61.8%. I will be looking to short from this area.
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