The New Zealand dollar rallied quite a bit during the week, and it now looks as if it is going to test the 0.72 handle. Pay close attention to the US Dollar Index because I think this is more or less going to be an indictment on the US dollar overall. Pullbacks at this point should continue to see plenty of buying opportunities, at least until we break down below the 0.69 level, which is an area where we have seen plenty of buyers over the last couple of weeks.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.