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NZD/USD analysis


Billy Jury

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  • 4 weeks later...

Any subsequent retracement is likely to find support near the 0.6910-0.6900 region, below which the pair could head back towards YTD lows support near the 0.6860-50 area. 

On the flip side, the new zealand currency to usd between  0.6975-80 region now seems to have emerged as an immediate resistance, which if cleared should assist the pair to build on its momentum back above the key 0.70 psychological mark.

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