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NZDUSD possible short coming at 0.6740 level

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 29, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The RBNZ decided to hold with rate cuts last night but it was explicitly said that exchange rate is linked to interest rate decision. Judging from RBNZ comments we can conclude that they are not happy with the current levels in exchange rate and there is a POSSIBILITY for a further cut in December. Although the statement was hawkish just a single sentence which is implying that high exchange rate is unsustainable made me think about possible rate cut in December. As we know NZD is soft

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