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  • The Kiwi is continuing to mark in lower highs across multiple timeframes.
  • Trade concerns are sucking the week’s risk appetite down the drain as the US seeks further China tariffs.
  • Bears will first have to crack the week’s low nearby to get a bearish continuation underway.

NZD/USD Chart, 15-Minute

Spot rate:   0.6811
Relative change:   -0.35%
High:   0.6833
Low:   0.6806
   
Trend:   Bearish
   
Support 1:   0.6805 (previous day low; current week low)
Support 2:   0.6752 (61.8% Fibo retracement level)
Support 3:   0.6686 (previous week low)
   
Resistance 1:   0.6833 (current day high)
Resistance 2:   0.6858 (current week high)
Resistance 3:   0.6920 (two week high)