NZD/USD – Heavy resistance above 0.76

  • NZD/USD failed to hold above 0.76 so far; heavy resistance between 0.7615 and 0.7620 as noted on the chart below
  • A clear break & daily close above would be significant and signal extended gains towards 0.78, but the more likely scenario is that we’ll see another rejection off the resistance area and a move back into the lower 0.75s
  • No important data releases out of NZ in the near-term, so all eyes will be on the NFP release on Friday


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