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Risks shift lower

NZDUSD

A Tuesday rebound failure after Monday’s intraday setback from a new recovery high (through .6456/57 resistances up to .6466), to push below .6388 support and switch the threat lower for Wednesday.

For Today:

  • We see a downside bias for .63/67; break here aims for .6331.
  • But above .6411 opens risk up to .6431, maybe .6466.
by Steve Miley November 6, 2019
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