The NZDUSD bullish closed fakey we discussed in the commentary yesterday and originally published in our Member's forum immediately after this past Sunday, continued to push higher today in closing this week.
We see resistance coming in 0.7350 near and could see price challenge at this level next week, but we could also see a consolidation or a possible rotation under re-test support near 0.7150.
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Comment:
The dollar closed the week mixed as has gained ground pound, euro, Swiss franc, while losing to the Japanese yen, Australian dollar, New Zealand dollar and Canadian dollar.
The Dow rose 47.53 points, or 0.46%, S & P 500 added 5.37 points or 0,49% and the Nasdaq added 6.28 points or 0.28%.
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