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After testing the water below trend line......>

FOREX
FOREX: After testing the water below trend line support from the Dec 12 on
Friday (see MNI ANALYSIS: GBPNZD Challenging Trendline Support e-mail at 12:30
GMT 02/01), the rate ultimately closed back above the key support. Key trendline
support moves to NZ$1.8909 today. Failure to make a convincing break could see a
short-term recovery towards the 38.2% retracement level at 1.9020.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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