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NZD/USD Threatening the 2014-high; NZ Jobs Data Ahead
NZD/USD: NZD/USD has been bullish in 2014, but April was a month of bearish correction. Actually, from looking at the 4H chart, you can argue that it has been in consolidation since late March, after which we had 2 biggest downswings in 2014 so far, and price has been returning to or near the 0.85-0.8520 pivot area. At the end of April, NZD/USD round support at 0.8520, and is springing back, accelerating during the 5/6 Asian session. Are traders looking to extend the 2014 uptrend? The 4H chart shows a market that has turned from bullish to neutral, but there is still a bullish bias. 2014-highs, overbought condition, ... (full story)