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NZD/USD Analysis Today - 04/09: Bearish Forex Slide (Chart)
(MENAFN- Daily Forex) The NZD/USD has sparked lower trading the past few days as Forex has suddenly started to grow cautious about global market conditions and U.S Federal Reserve outlook.
- The bullish parade higher in the NZD/USD currency pair touched a price value of nearly 0.63030 on Thursday of last week.
- The last time this apex level had been touched was in early January of this year. However, since touching the illustrious 0.63000 ratio and beyond, bearish trading has started to emerge.
- The culprit for selling is not being caused by internal New Zealand economic issues.
- The broad Forex market appears nervous, although the USD is still within the weaker aspects of its mid-term range, traders will want a clearer outlook.
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Until clarity is delivered by the Federal Reserve the NZD/USD may be choppy. - The 0.62000 level as resistance will be an intriguing barometer today and tomorrow regarding risk and behavioral sentiment.

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