61.8% retracement ratio of the .7150-.6805 downward move currently limits the upside at .7020 but the kiwi dollar maintains its bid tone against the dollar – thus intra-day studies being bullish while writing this. Extended gains may open .7150 which is a more notable upside barrier. Above the .7100 mark, short-term sentiment turns positive. On the south side – breaching below intra-day support at .6900/30 would cancel the bullish structure, resuming downtrend. Current quote is .6991 @07:00 GMT
Support: .6950, .6900/30, .6850/60, .6800 and .6750
Resistance: .7000/20, .7100 and .7150
Market sentiment: long term – bullish, medium term – slightly bearish, short term – bearish, intra-day – bullish
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