The NZDUSD bottomed in the Q3 of the 2016 , after this event it began a recovery that push the pair to cross its moving average of long period ( 200) and two static resistance provided by fibonacci retracements . However the 50% key level have interrupted this recovery and the pair is again in bearish trend currently
A further decline toward the 23.6% support seems unavoidable at this moment , such level could to be reached for the first days of july .
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