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Ikon forex "Fair value of NZD/USD in short term would be at 0.7450-0.7650"

Discussion in 'Forex Discussions' started by ikonforex, Jan 24, 2011.

  1. ikonforex

    ikonforex New Member

    Dec 22, 2010
    Likes Received:
    Forex strategist Mike Jones in BNZ said early in Asia forex market on Tuesday (January 25) that the unrevealed economic data in US as well as the conference of FOMC held later would determine the forex trend direction of NZD/USD in the market.

    Jones pointed out that according to the evaluation model in short term in New Zealand, the fair value of NZD/USD in last week slightly went down and so far it was at 0.7450-0.7650.
    Jones claimed that they predicted that the forex price of NZD/USD would be fluctuated within the trading range and if it broke the upper line it would rise up to 0.7750.

    The forex price of NZD/USD was at 0.7645/50 at 09:26 Beijing time.

    Edited by laura in Ikon Group.

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