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NZD/JPY heading (and shouldering) lower?

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 5, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    As we noted yesterday, the New Zealand dollar (and associated economic data) was serving as a “warm up” act for the “main event” US and UK data to come. Based on what we’ve seen though, it was a rather disappointing warm up, at least for kiwi bulls. Following yesterday’s disappointing GDT auction data, traders learned that the New Zealand economy actually saw a 0.4% decline in employment in Q3, badly missing the expectations for a 0.4% rise. Meanwhile, the unemployment rate in the island

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