The New Zealand dollar has had a rather noisy week- Forex Trading
The British pound gave up significant momentum and fell hard during the week, as the 1.2650 level has offered a major barrier. That being said, the 1.2350 level underneath also offer support, so this may be a market that will find buyers over the next several sessions, and therefore I think we are trying to figure out whether or not we are going to go back and forth in the same 200 points that we have been in over the last 6 weeks.
00 level is an area that we need to pay close attention to as it has been both significant support and significant resistance in the past. If we break above that level, then I believe that the Canadian dollar will eventually try to reach the highs against the Japanese yen as well. Furthermore, it is probably worth noting that the Japanese yen is on its back foot against most currencies.The New Zealand dollar has had a rather noisy week, as we initially tried to reach the 0.
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