NZDUSD 2017-12-12 Intra-day analysis.

GBP looks to inflation data for November

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NZDUSD 12.12.17

NZDUSD intra-day analysis

NZDUSD (0.6925): The NZDUSD currency pair closed bullish yesterday as price action is looking to maintain the bullish momentum. Following the consolidation off the triangle pattern formed near the bottom, NZDUSD is seen attempting to breakout to the upside. Short term resistance at 0.6911 remains key and a bullish close above this level could signal further gains. On the 4-hour chart, price action is biased to the upside. Short term consolidation near 0.6911 could remain in play. The next resistance level is identified near the 0.6981 level which could be breached if the kiwi dollar maintains the bullish momentum.

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John has over 8 years of experience specializing in the currency markets, tracking the macroeconomic and geopolitical developments shaping the financial markets. John applies a mix of fundamental and technical analysis and has a special interest in inter-market analysis and global politics.

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John has over 8 years of experience specializing in the currency markets, tracking the macroeconomic and geopolitical developments shaping the financial markets. John applies a mix of fundamental and technical analysis and has a special interest in inter-market analysis and global politics.

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