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    Kiwi crosses align to suggest larger pending moves

    Several NZD crosses sit at key support or resistance levels which, if broken, could change the near to medium-term sentiment ahead. Matt Simpson, Senior Market Analyst at ThinkForex takes a technical look. 

     







     

     

    NZDCHF:    Potential double / triple bottom projects target at 0.7280
    Resistance 3:   0.6980/0.7000 (round number, Monthly R3)
    Resistance 2:   0.6880 (01/12 high, monthly R2)
    Resistance 1:   0.67740/90 (neckline, monthly R1)
    SPOT   0.6732
    Support 1:   0.6626 (26/05 low, previously a pivotal S/R)
    Support 2:   0.6535 (10/05 low)
    Support 3:   0.6460 (07/04 low, Monthly S2)

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