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NZD/USD: Immediate downside target is 0.7350 – Westpac

Imre Speizer, Research Analyst at Westpac, explains that NZD/USD finally ran out of steam at 0.7550 while the speculative longs are at a five year high – very stretched and immediate (technically derived) downside target appears to be 0.7350 for the pair.
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