The decline during May has been almost as persistent as the rally during December and January and needs a temporary bounce to alleviate an oversold condition, but further weakness is likely during the month ahead. The NZ economy remains sluggish, providing little offset to the Eurozone crisis and China's slowdown.
Thursday, 24 May 2012
NZD-USD prediction next week may 28 2012
forex trading outlook today - NZD-USD prediction next week may 28 2012 : NZD/USD has found some bids above 0.7500. Will it last for a heavier squeeze of shorts?, despite they remain negatively biased towards the NZD "a bounce is possible next week toward 0.7800 before a resumption of the downtrend below 0.7370 major support."
The decline during May has been almost as persistent as the rally during December and January and needs a temporary bounce to alleviate an oversold condition, but further weakness is likely during the month ahead. The NZ economy remains sluggish, providing little offset to the Eurozone crisis and China's slowdown.
The decline during May has been almost as persistent as the rally during December and January and needs a temporary bounce to alleviate an oversold condition, but further weakness is likely during the month ahead. The NZ economy remains sluggish, providing little offset to the Eurozone crisis and China's slowdown.
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