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Analysts: NZD/USD prospects

On Thursday NZD/USD is consolidating in the $0.7935/85 range, holding slightly below the yesterday’s peak of $0.8000.

ANZ: The broader bias remains towards downside retracements to $0.7550 and potentially the $0.7335-50 area after an interim consolidation. A near term close above $0.7950 should merely allow for further consolidation before the next slide develops towards those longer term retracement levels.

Westpac: We adopt a cautious bearish stance towards NZD/USD and require a break below $0.7685 to confirm to us that the NZD is indeed resuming its multi-month slide towards $0.7200.

Chart. H4 NZD/USD

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