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NZD/USD Technical Analysis August 4, 2011

posted by Avatar FXEmpire 1085 days ago in USD, NZD, Technical

The NZD/USD pair had a fairly quiet and even day on Wednesday as the markets rocked back and forth all around the world. The Kiwi has enjoyed a different dynamic lately as the Chinese are currently buying up bonds out of New Zealand. This puts support under the currency and as such keeps it afloat even when the risk is being taken off in the market
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