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Forex pairs in this Article » NZD/USD
FXstreet.com (Barcelona) - Westpac is projecting weakness in the NZDUSD through the next few days from 0.8230 towards 0.8050. According to the strategist Imre Speizer, "looming RBA meeting on 4 December should increasingly weigh on AUD /USD (a 25bp cut is not fully priced at 80% currently), negatively influencing NZDUSD." Near term technical setup is bearish, bank adds.

More in detail, Mr. Speizer notes: "A multi-month uptrend ended and a corrective phase started. This has taken the form of a descending channel, the oscillations within reaching the channel 's upper and lower boundaries three times. Until this range breaks, we are inclined to trade it tactically, i.e. buy at the lower boundary and sell at the upper."
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