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NZD/USD Clears Major Resistance Zone

Discussion in 'Technical Analysis' started by Kaitlin, Mar 31, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    A surprise rate cut from the RBNZ a couple of weeks ago was enough to send the New Zealand dollar tumbling by a couple of hundred pips. However, there was no further follow-through in the selling pressure once the Kiwi reached the key 0.6600 support area. It has since bounced[​IMG]

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