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NZD/USD Forecast Nov. 3rd, 2011, Technical Analysis

posted by Avatar FXEmpire 204 days ago in USD, NZD, Technical

The NZD/USD pair fell again on Wednesday as traders sold off the Kiwi in general. This was interesting as the global markets actually rose – which is normally good for the Kiwi. With most of the commodity markets raising as well, this is particularly ominous for the New Zealand dollar. The breaking of the consolidation bottom wasn’t accomplished, b
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