NZD/USD is currently testing the falling trendline resistance from the November/December highs and could test soon the pivotal 0.7860 level. I’m not keen on taking new positions ahead of the NFP tomorrow, but unless the US employment figures will be terrible, I see the overall range in NZD/USD remaining intact in the near future and will sell any rally towards the 0.7880/0.79 area.
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