You want to say that it is premature to short NZD at 0.6900 now? I am short from .6900 actually because It's not having successful attempt to gain the level. Doi you think it's premature to call for a top right now?
I watch your fib chart, and chances that it will attempt to go to .7100..but also is this bearish divergence going to last for long time before it drops?
Or, could it be that if we closed this month below the recent fib , chances will be for a reversal from here?
Based on the US dollar weakness, it seems more probably that the pair has some more room to rise. What you could do is in scale in a short position. If you want to short now, open only 1/4 position, and if it rises to 7000 open another 1/4 position, and if it rises to 7100, which is a major resistance on the monthly chart, open the last 1/2 position short.