The .7000 mark is in focus as the kiwi-dollar managed to breach above .6900 – level which provides intra-day support for now. If the current recovery extends higher, next barriers are formed into the .7000/20 region, followed by .7100 and .7150, higher. A downward trend line coming from .7400 through last week’s top at .7150 is currently seen around .7030, thus strengthening the technical resistance region of .7000/20. Upside is slightly favored for now, although short-term studies being bearish. Current quote is .6945 @07:20 GMT
Support: .6980/00, .6850/60, .6800 and .6750
Resistance: .6980, .7000/20, .7100 and .7150
Market sentiment: long term – bullish, medium term – slightly bearish, short term – bearish, intra-day – slightly bullish
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