NZDUSD 03-01-2018 Intra-day analysis.

Can the FOMC minutes help stall the decline in USD?

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NZDUSD02.01.18

NZDUSD intra-day analysis

NZDUSD (0.7066): The New Zealand dollar is showing signs of exhaustion to the rally following the previous two day’s doji close. A bearish close today could indicate a near term correction in price. Support at 0.7062 remains a key level for the currency pair. A break down below this level could see the correction extending lower to 0.6917. To the upside, if the support holds, NZDUSD is likely to extend the gains to the next resistance level found at 0.7160.

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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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