Monday, December 30, 2013

NZD/USD Pares Recent Losses

A touch of 0.8122/21 today has led to a surge that has already reached 0.8220/0.8197. Still, additional gains are highly unlikely, being that this resistance consists of the falling resistance line (in place since Oct 22) and the monthly pivot point. On the other hand, large swings to the downside



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