NZDUSD 15-01-2018 Intra-day analysis.

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NZDUSD 15-01-2018

NZDUSD intra-day analysis

NZDUSD (0.7274): The NZDUSD maintained strong gains last week as price closed at a four month high of 0.7259. However, the doji close on Friday could indicate some profit taking resulting in a short term correction. With the daily trend line being breached, NZDUSD could revisit the breakout level around 0.7160. Establishing support at this level could validate further upside gains in the currency pair. At the same time, if NZDUSD fails to find support, we could expect to see a deeper correction that could push price down to the 0.6944 region.

 

 

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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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