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NZD/USD Price Forecast: Unconvinced buyers maintain the pair afloat

From fxstreet.com

A broadly weaker US Dollar helped NZD/USD to peak at 0.6317 on Tuesday but finished the day in the red at around 0.6245. Commodity-linked currencies surged throughout the first half of the day amid a better market mood weighing on the greenback but managed to recover some ground ahead of the close. The Canadian Dollar was the weakest, as oil prices turned sharply lower in the final hour of trading, followed by the NZD, which shed ground despite encouraging Chinese headlines. According to different news agencies, the country is moving further away from its zero-covid policy as the focus has gyrated towards economic ... (full story)

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  • Category: Technical Analysis