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The New Zealand currency, after a fairly strong slump, is in the upward correction phase. Why am I writing corrections? As you can see a strong break in the last lows and supports, we have a chance for a longer downward move. If you look at the one-day chart, you can see the annual upward trend that may continue if it returns to the 0.924xx price area.

At the moment, we expect it to reach the set level and we will observe the price behavior there.

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