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NZD still trading with soft tone post RBNZ

By   || March 11, 2010 at 04:10 GMT
|| 1 comment || Add comment

The market knew what was coming but nevertheless insisted on buying the NZD in the two days leading up to the meeting. Governor Bollard said he’s in no hurry to raise rates, no surprise there, and the NZD/USD falls 100 pips and is hanging around it’s lows. NZD/USD could easily fall another 100 before it meets any type of meaningful technical support, a moderately bullish trend channel with parameters now at .6865 and .7105. Edges please.

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One Response to “NZD still trading with soft tone post RBNZ”

  1. hart on March 11th, 2010 04:18 GMT

    Mr Lee I’m not a gold buyer but that short pop up down up looks like it might be good for 3-5 dollars? Good for euro ready to pop. Good for ausie. Smile.

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