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Saturday, 24 March 15:22 (GMT -05:00)

Foreign exchange market

NZDUSD rallies on EU news



NZDUSD has reached the local high 0,7803.






According to the experts of Masterforex-V Academy, investors are optimistic about the new agreements reached by the world’s major central banks on dollar loans for European banks.
Before that the currency pair hit the monthly high at 0,7820.
According to the Department of Masterforex-V Trading System , NZDUSD is consolidating in a price range after forming a “short” downswing – wave A(C ) or C of Daily. Wave B(C ),followed by a strong downswing C(C ), is probable unless the price breaks the defensive MF pivot and sloping channel (as shown below). Otherwise, the price will make a series of upward FZRs.





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