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NZD Falls On Weak Job Data

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Nov 4, 2015.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    In the wake of the RBA decision to keep rates unchanged, the Australian dollar continues to gain ground, boosted by the hawkish tone of the accompanying statement. AUD/USD is consolidating above the 0.7197 resistance level (Fib. 38.2% on September-October rally). The 0.7082.-0.71 area remains the stronger support (Fib. 61.8% and[​IMG]

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