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Today Kiwi is attempting to overcome the nearest sell-side liquidity pool at 0.6237 as its prime target and 0.6201 as its secondary target. Pay attention to 0.6461 as this can be a breakout level. If this scenario confirms, NZD/USD will resume its downward movement. The overall bias for the pair is bearish.
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The material has been provided by InstaForex Company - www.instaforex.com