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Door open for further NZD/USD decline – TDS

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 12, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Edinburgh) - FX Strategist Ned Rumpeltin at TD Securities expects the Kiwi dollar to grid lower vs. the greenback.

    Key Quotes

    “The NZ data and event calendar is quiet, but we think the NZD also looks vulnerable to further declines”.

    “On a relative basis, the kiwi may have further to fall if this latest phase of USD strength gathers momentum”.

    “While 0.6430 should provide decent support, the August spike low of 0.6130 remains a centre of gravity”.
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