The NZD/USD has achieved new lows in early trading this morning as values have tested the 0.60000 juncture.
Enter your emailThis morning has seen new lows demonstrated and important psychological support come into view.has achieved new lows in early trading this morning as values have tested the 0.60000 juncture.
. Earlier this morning New Zealand posted Gross Domestic Product data which came in better than expected, but this did not seem to create any long lasting bullish momentum for the NZD/USD. This morning has seen new lows demonstrated and important psychological support come into view. However, the Forex market continues to demonstrate the strength of the USD against many major currencies. While it might be true the NZD/USD is within the lower elements of its long term trading range, it doesn’t mean the currency pair’s bearish trend is about to end.Inflation data from the U.S continues to fuel poor behavioral sentiment within the global markets.
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