Kiwi is getting whacked… at 23.63% Fib supp

A discouraging NZ card spending data released in early Asia has become the reason for a technical pull back suggested in advance by the bearish price RSI divergence on the daily chart. The 23.6% Fib R has been put to test. further losses would require an end of day close below 0.72, while fresh bids are seen above 0.73 handle.

Daily chart

NZDUSD D1 (07-11-2017 1326).png

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