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NZD/USD falls to 0.8173 session lows

FXstreet.com (Chicago) – NZD/USD remains under pressure as evidenced by price action and choppy trading during the past couple of days extending the bearish channel after the fall from the 0.8270 front.

Perspective

Jim Langlands from FXcharts explains that “the Kiwi has had another choppy session and has been dragged around to an extent by the Aud and also by Euro and Gbp strength against the antipodean crosses. However at the end of the US session, it is back at the neckline of the head and shoulder formation that we have recently monitored and is still unable to work out which …read more