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NZD/USD Price Analysis: Bulls seek a break of key trendline resistance
The New Zealand Dollar is lower by some 0.75% towards the close in New York trade and is down for the second straight session, after hitting the strongest level in over five months touched last Thursday. The price is on the front side of the dominant bearish trend and is coming into a coil which will lead to a breakout, eventually: charts A correction is underway and a continuation will be eyed for in due course. chart We had breakout traders in the market and a long squeeze is moving in on prior resistance. chart NZD/USD is on the front side of the bearish trendline and may have induced sellers due to the ... (full story)