NZD/USD Price Analysis: RBNZ in focus, key levels and market structure to watch

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NZD/USD Price Analysis: RBNZ in focus, key levels and market structure to watch By ross_burland NZDUSD Technical Analysis

of the longer-term charts and the near term from an hourly perspective heading into the event.The weekly chart is bearish while below the M-formation's neckline resistance between 0.6730 and the 0.6770s. An extension to the downside could be on the cards for the weeks ahead with 0.6385 eyed as a -61.8% Fibo target and the confluence with prior lows. The daily chart shows the price eating its way into resistance but is overextended and could be due for a correction in coming sessions. The 38.

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