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Forex Flash: NZD/EUR near-term top established - BNZ

By FXstreet.com,  January 10, 2013, 06:19:00 PM EDT

FXstreet.com (Barcelona) - It was all about Euro today and the ECB, and, "With an ECB rate cut seemingly off the table for now," says BNZ's Currency Strategist Mike Jones, "we suspect a near-term top in NZD/EUR has been established at 0.6450," the analyst notes.

"A further fall back towards 0.6300 looks likely over coming sessions," he suggests, while "Interim support will likely be found at the 0.6327 200-day moving average," Mike concludes.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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