Bearish target on NZD/USD from Barclays.

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Barclays Capital provided its technical setups for several major currency pairs. The analysts provided a bearish target on NZD/USD.

“Failure to sustain a breach of resistance near 0.6990 along with last week’s topping candle helps to keep us bearish. We are looking for a move lower towards targets near 0.6760 and then the 0.6670 area. A bullish weekly reversal in AUDNZD points towards our targets near 1.1335/1.1360.” written in the report.

As of 5:55 PM EDT the NZD/USD was trading at 0.6929, which is 0.41% higher than the previous close.

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