New Zealand Dollar Forecast Points to Losses
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As with the Australian Dollar, it remains possible that heavily one-sided crowd sentiment may point to an important price extreme and reversal. Yet those turnarounds are only clear in hindsight, and we can’t realistically advocate joining the crowd in getting long at these levels.
See next currency section: XAUUSD - Gold Price Outlook Suggests Further Declines Likely
--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.