NZDUSD 2017-12-18 Intra-day analysis.

Dollar maintains gains. Vote on tax cuts due on Tuesday

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NZDUSD 18.12.17

NZDUSD intra-day analysis

NZDUSD (0.7014): The New Zealand dollar slipped last week but with price action supported above the 0.6981 level of support and minor higher low formed near the top, the bias remains to the upside. However, the double top pattern formed near the top could signal a downside breakout if the support level gives way. NZDUSD could be seen extending gains towards 0.7062 in the near term on a successful close above the double top pattern.

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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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