Nzdusd was dropped and found little support level at 0.7172 level. Now this pair is trading between little range as drawn on the chart. On H1 time frame, pair is staying below both 100 and 200 ema. So expecting short term sell rally on this pair.
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Little resistance break of 0.7220, we can expect more bullish movement for 30-50 pips target. On the other hand, break of 0.7160 support level could extend sell rally up to 0.7100 round support level.
Our recommendation is to stay away before clear breakout. If we find any type of breakout, we can look for entry according to the direction.