NZDUSD (0.7274): The NZDUSD continues to maintain its hold near the 4-month high. However, failure to post any higher highs at this level indicates that the currency pair could be looking to post a correction. On the 4-hour chart, immediate support is seen near the current higher lows at 0.7283. A break down below this level is required in order for NZDUSD to confirm the downside correction. The kiwi could be targeting 0.7160 followed by an eventual move towards testing the support at 0.7000 level.


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