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NZD/USD Price Analysis: Eyes a break below 0.6250 amid a potential rounding top

1 month ago   |   By FXCM

NZD/USD extends correction from three-month tops above 0.6300
Dollar stages a tepid comeback amid mixed market sentiment.
Technical set up suggests a bearish break in the near-term.
Having hit a new three-month high at 0.6308 in early Asia, NZD/USD extends the corrective slide below the 0.6300 level, as the USD bulls jump back on the bids amid a cautious trading environment.
The risk sentiment is souring in the last hour, mainly undermined the renewed US-China trade concerns and escalating civil unrest in the US, in lieu of the black man George Floyd's death last week. Further, the...
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NZD/USD slips from 11-week top under 0.6300 amid risk reset

1 month ago   |   By FXCM

NZD/USD steps back from 0.6304 amid fresh tensions from the US.
US President Donald Trump takes action to mobilize the military, resources in taming the riots.
New Zealand's Q1 Terms of Trade Index came in weaker than forecast, Building Permits recovered.
RBA, qualitative catalysts will be the key to watch for immediate direction.
NZD/USD defies the previous day's run-up while declining to 0.6290 amid the early Tuesday morning in Asia. The kiwi pair seems to bear the burden of risk reset following the worsening civil unrest in the US. Though, sellers are still cautious ahead of the key RBA...
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