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NZDUSD – A substantial shift in New Zealand Dollar trading sentiment combined with a key technical turn warns that the Kiwi Dollar may continue trading to fresh lows.
Trade Implications – NZDUSD: The ‘Bird’ has admittedly eluded us in recent months as we got caught on the false turn lower in early March only to be taken out of short positions on the continuation higher.
--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com
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