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New Zealand markets closed

  • NZX 50

    11,946.43
    +143.15 (+1.21%)
     

  • NZD/USD

    0.5943
    +0.0006 (+0.10%)
     

  • NZD/EUR

    0.5548
    +0.0002 (+0.03%)
     

  • ALL ORDS

    7,937.50
    -0.40 (-0.01%)
     

  • ASX 200

    7,683.00
    -0.50 (-0.01%)
     

  • OIL

    82.87
    +0.06 (+0.07%)
     

  • GOLD

    2,325.80
    -12.60 (-0.54%)
     

  • NASDAQ

    17,526.80
    +55.33 (+0.32%)
     

  • FTSE

    8,040.38
    -4.43 (-0.06%)
     

  • Dow Jones

    38,460.92
    -42.77 (-0.11%)
     

  • DAX

    18,088.70
    -48.95 (-0.27%)
     

  • Hang Seng

    17,295.93
    +94.66 (+0.55%)
     

  • NIKKEI 225

    37,709.18
    -750.90 (-1.95%)
     

  • NZD/JPY

    92.3580
    +0.2430 (+0.26%)
     

NZD/USD Forecast August 23, 2017, Technical Analysis

Christopher Lewis
Updated

The New Zealand dollar fell during the session on Tuesday, testing the 0.7275 handle. We did bounce from there, and now it looks like we may be ready to consolidate overall. I think that the market has resistance at the 0.7340 level above, so that’s probably where we bounce too. If we can break above that level, then I feel that the market can go towards the psychologically important 0.75 level above. That is an area that had seen a significant amount of resistance in the past, so I think breaking down below there might be difficult.

NZD/USD Video 23.8.17

This article was originally posted on FX Empire

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