A stall last week, back from the topping line from latter March and recent peaks at .7608/09 and we looked for a a negative bias early this week, stating "we see a downside bias for .7486; break here aims for .7453, maybe .7425".
We further question our positive bias for April from the Double bottom pattern from late March (previously questioned by the weekly Gravestone Doji from the same week).
But only below .7391 signals a shift back to a broader range theme.
We see a downside bias for .7421; break here aims for .7391, maybe .7320.
But above .7485/87 opens risk up to .7538, which we would look to try to cap.
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2 Hour NZDUSD Chart