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Free AccessNZD/USD Sees Pull-Back, Trades 0.6167
- NZD/USD has started the week trading lower, down 0.35%. The pair has just broken the Friday lows of 0.6180, and now trades at 0.6167, breaking below initial resistance of 0.6173 (highs Jan 31)
- Key levels to watch, a hold below the 0.6173 could signal further weakness, opening up a move to 0.6150/60 (highs from Jan 9/Jan 2) and further below there 0.6130 (lows Feb 20). To the upside, initial resistance is 0.6218 (Feb 22 highs) and break above opens a move to 0.6260 (Jan 11 Highs).
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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.