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Ikon forex "NZD/USD suffered great pressure of selling"

Discussion in 'Forex Discussions' started by ikonforex, Jan 25, 2011.

  1. ikonforex

    ikonforex New Member

    Dec 22, 2010
    Likes Received:
    ANZ said on Wednesday (January 26) that because it is predicted that the claim of the conference of RBNZ held on Thursday (January 27) would be quite mild, therefore the forex price of NZD/USD might suffer great pressure of selling in the trading session.

    However, this bank pointed out the forex price of NZD/USD got some support at 0.7620 while it was falling down, and the obstacle point on top is predicted to be at 0.7675.

    Early in Asia forex market on Wednesday the forex price of NZD/USD got a rebound to around 0.7700. In the previous night the US stock market was mixed, and this forex price got a high adjustment, but the risk sentiments still exist.

    The forex market in Australia was closed because of the holiday, and the cross trading in the market was quite dim.

    The forex price of NZD/USD was at 0.7678/82 at 07:28 Beijing time.

    Edited by Laura in Ikon Group.

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