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NZD/USD Technical Analysis for August 5, 2011

posted by Avatar FXEmpire 992 days ago in USD, NZD, Technical made popular 992 days ago

The NZD/USD fell hard on Thursday as the markets ran from anything risk related. The Kiwi dollar looks very vulnerable at this point as the 0.85 level gave way without a fight. The next major support level is just below at the 0.82 level, and it could produce a bounce. The truth is – these kinds of moves don’t happen as one-off movements, and the..
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