The New Zealand dollar fell during the session on Thursday, breaking down to the 0.7185 region. We started to bounce towards the end of the day though, so it’s likely that we could see a bit of volatility. Eventually, the buyers will return but right now it looks as if this is a market that is going to continue to chop around. It has a little bit more of a negative proclivity, but given enough time I think value hunters will return. I suspect this is probably a market that’s better off left alone.
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NZD/USD Forecast September 15, 2017, Technical Analysis
The New Zealand dollar fell during the session on Thursday, breaking down to the 0.7185 region. We started to bounce towards the end of the day though, so
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About the Author
Christopher LewisSenior Analyst
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
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