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Free AccessNZD/USD continues to struggle for upside.......>
KIWI: NZD/USD continues to struggle for upside momentum, with the rate last
trading 10 or so pips lower at $0.6675.
- Wellington is closed for the Easter holidays, but bears still focus on last
week's low, located at $0.6668. A Break here would bring the January 2 low at
$0.6652 in to focus, with the next level of support below there noted at
$0.6633, which represents the 61.8% retracement of the move from $0.6425 to
$0.6970. The 50% retracement of the same move, at $0.6697, and the psychological
$0.6700 form the initial resistance area.
- Trade & consumer confidence data, due Friday, provide the highlight of the NZ
docket this week.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.