NZD/USD may face a more bearish fate ahead of the RBNZ meeting on May 13 as the former support zone around 0.6170 to 0.6230 appears to be acting as resistance.
But finding resistance at the 50% of the move down from last week's high The EURUSD has retraced back higher today (the EUR is the strongest), and in the process has moved to test the 50% retrace
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