NZD/USD -0.53% bears firmly in control, pair slips below 0.71 handle to hit fresh 3-month lows.
Treasury yields continue to drive the Greenback higher. Focus now shall be on New Zealand Trade Balance figures due Thursday for further impetus.
The major has slipped below 50% Fib and is on track to test 61.8% Fib at 0.7031. Break below will see further weakness.
On the flipside, break above daily cloud negates bearish bias.
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