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1 Apr 2015
NZD/USD trades heavy in Asia
FXStreet (Bali) - NZD/USD is heavier in early Asian trade, building on recent losses, last at 0.7446 after hitting its lowest at 0.7434, with some talk doing the rounds about a possible RBNZ intervention.
According to Jim Langlands, Founder at FXCharts: "Selling rallies remains the favoured strategy, looking for an eventual run towards 0.7400, and lower."
Looking at the immediate technical levels, Jim sees "below 0.7440 would open up 0.7400 and 0.7380 (61.8% of 0.7175/0.7694)." On the topside, "0.7500 will see sellers ahead of further minor levels at 0.7520", Jim adds.
According to Jim Langlands, Founder at FXCharts: "Selling rallies remains the favoured strategy, looking for an eventual run towards 0.7400, and lower."
Looking at the immediate technical levels, Jim sees "below 0.7440 would open up 0.7400 and 0.7380 (61.8% of 0.7175/0.7694)." On the topside, "0.7500 will see sellers ahead of further minor levels at 0.7520", Jim adds.