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Forex Flash: NZD/USD uptrend aided by seasonal demand; may break into 0.8500s - BNZ

By FXstreet.com,  December 13, 2012, 10:40:00 PM EDT

FXstreet.com (Barcelona) - The NZD is benefiting from seasonal demand in December, says BNZ FX strategist Mike Jones; "This month is usually a seasonally positive month for the NZD/USD, while January is normally a negative" he notes. Since seasonal factors are contributing to the existing uptrend, Mike does not discard a NZD/USD break into the 0.8500s before year-end.




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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