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NZD Tests Key Resistance After Positive PMI

Discussion in 'Fundamental Analysis' started by Angela_Riplay, May 12, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    New Zealand business PMI moved to a 3-month high today, making it the largest point increase in 4 months. Both the employment index and new orders have printed cycle lows which paints a more positive picture moving forward, but employment remains below the 50 threshold to denote contraction.[​IMG]

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