On the NZDUSD weekly chart, we can see that the pair is rejected by the upside Pitchfork channel line and the strong horizonal resistance line 0.7400 level. The key level for an upside extension. We could see a deeper pullback into the 0.7000 level as long as this level holds.
Note: look for the short trade entries with the SL above 0.7430 level.
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