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8 Jun 2016

nzd usd outlook

NZDUSD- Heading into the RBNZ interest rate decision tomorrow night, the focus will be on resistance into the 70-handle with the near-term long bias at risk while below this threshold. The pair has been trading within the confines of a well-defined ascending pitchfork formation off the May lows with the upper median-line parallel converging on the figure ahead of the release. A break below 6862/66 would be needed to re-affirm the downside bias.

NZD/USD Technical Analysis: Double Top Eyed as RBNZ Looms
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