8th
May
2009
Short-Term Forex Technical Outlook: NZD/USD (Daily FX via Yahoo! Finance)
The New Zealand dollar surged higher this week, and broke above the 200-Day SMA for the first time since May 2008, and we may see the NZD/USD continue to retrace the sell-off from October over the following week however, fundamental headwinds could drag on the exchange rate as the RBNZ continues to hold a dovish policy stance.
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