Last week’s economic data showed the ongoing recovery in the US in the hard hit services sector, thus strengthening the US Dollar. The NZDUSD Pair has broken a major level of 0.69456 indicating the strength of the dollar and weakness of the New Zealand (Kiwi). The break and retest of 0.69900 might led to a push further 0.68000.
Traders who are taking this trade should use a Rule Based Trading System so as to maximize profits.
NZDUSD
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