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NZD Biased to the Short Side Despite the Recent Rally

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 16, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    The New Zealand economy faces a range of headwinds that could prove highly bearish for the NZD in the latter part of 2015. However, despite the negatives, the domestic economy is proving relatively robust in light of the unravelling global slow down. The New Zealand economy continued to grow at an annual rate of around 2.4% y/y, buoyed by increased net migration, a supportive monetary policy, and exchange rate depreciation. However, the continued decline in the Global Dairy Trade (GDT) auction

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