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EURNZD has sold off sharply following....>

KIWI TECHS
KIWI TECHS: EURNZD has sold off sharply following today's RBNZ meeting. The
cross has cleared an important short-term support at 1.6962, Feb 5 low. This
paves the way for a deeper pullback with the focus on 1.6786 next, 76.4% of the
Jan 24 - Feb 3 rally. Note that the 61.8% retracement at 1.6861 has been tested
(1.6858 low thus far today) . A clear breach of this level would reinforce
bearish conditions. Initial resistance is at 1.6962. Today's high of 1.7059 also
marks resistance.

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