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Home / NZD / FxWirePro: Kiwi dented by poor China trade data, NZD/USD breaks below 20-DMA, stay short

FxWirePro: Kiwi dented by poor China trade data, NZD/USD breaks below 20-DMA, stay short

Posted by: NZD Editor in NZD August 8, 2017

Kiwi extends weakness ahead of RBNZ, dented by poor China trade data. New Zealand is highly dependent on China for its exports revenues and a big miss on imports weighing down on NZD. Technical studies also support downside. We note bearish RSI divergence …
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