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NZDJPY's advance rejected at critical zone ahead of RBNZ

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 8, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Commodities have been today’s buzzword in the financial markets as oil dropped to the lowest level since the financial crisis and iron ore hit its lowest since 2005. Commodity currencies such as the AUD, NZD and CAD have been hit hard as a result. Things could get worse for the NZD should the Reserve Bank of New Zealand decide to cut interest rates tomorrow evening (or Thursday morning NZ time). As we mentioned in the weekly outlook, the RBNZ faces a difficult dilemma this week after it

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