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Old 11-12-2020, 12:46
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KostiaFM KostiaFM is offline
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Default Re: Daily Market Analysis by ForexMart

NZD / USD. December 11.2020 - Growth to highs

The New Zealand dollar / US dollar currency pair bounced off the round level of 0.7000 in yesterday's trading and formed an engulfing candlestick pattern on the daily chart, giving a buy signal.

The NZD / USD price rose to the 0.7100 resistance level, which is located in the area of ​​the highs since April 2018. Buyers were unable to overcome the resistance at the indicated level, and today the pair went into a slight correction.

In the medium term, I would like to see continued growth along the upward trend. At the same time, it is better to enter new deals after breaking through the level of 0.7100, the next target is at 0.7200.
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