Exchange rate for NZD/USD instrument for the 1st of August is: Bearish 0.75 - 0.70 The 2006 low could be retested and if breached look for a further decline of the NZD/USD to lows of 0.64.Should the instrument fail to be supported at the 0.71 (March 2011) support, expect a move downwards towards 0.64.
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