Today we’re going to look at the New Zealand against the United States dollar.
Zooming into the daily chart we can see that the six week old downtrend looks unbreakable as the market came under new selling pressure, dropping to an almost four year low.
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NZDUSD back to multi-month lows
NZDUSD is looking weak but there’s a possibility for a resumption of the bullish trend if price does this.
