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NZD/USD .6700 Handle a Big Barrier for Now

Chart Prepared by Jamie Saettele, CMT

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-October was the best month for NZD/USD since September 2013. So, is this a trend change or just a bounce within the downtrend. That question might be answered with how the rate trades around .6500 (was support in July and August. Near term resistance surrounds .6700 (August high and 10/21 low).

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