NZD/USD fell under pressure in early European trading and has declined to erase earlier gains, trading relatively unchanged on the day. The daily print will be important as the pair is on track to print a doji after a failed attempt to sustain above resistance.
Resistance in NZD/USD is found at 0.6909 and marks a spike low from April 12th. It also acted as resistance in late April and support in early May. A daily close below the level would reinforce a bearish bias, in line with the trend from highs posted last month.
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