NZDUSD rally over, downtrend ready to resume

Yesterday’s tentative rally in the NZDUSD has come to an abrupt halt and it is trading down 100 pips at 78.60 in local time today. There were no local developments in New Zealand, so price action was driven by movements in the US dollar. The sell-off in global stock markets didn’t help either, as…

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NZDUSD rally over, downtrend ready to resume

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