The New Zealand dollar has been really strong lately. Will it beat the multiyear highs?
NZD/USD: price to test Moving Averages
2019-11-11 • Updated
All the Moving Averages have been broken because of the last 'Flag' pattern. It's likely to have a local downward correction towards the previously tested support at 0.6813 and the Moving Average lines. If a pullback from these levels happens little later on, there'll be a green light for another bullish rally, so we should watch an area at 0.6868 - 0.6886, which acted as resistance many times before.
The dollar gains against low-yielding currencies on Wednesday, hitting a five-month high against the yen as US bond yields jumped on the prospects of further economic recovery.
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