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Tuesday, 18 November 2014

GBPNZD Trend & Momentum 18-Nov-2014

GBPNZD has declined for last two weeks, and it stays below 1.970 now lower than closing level at the beginning of this week.

Posted as of yesterday,
AUD and NZD are relatively competitive against major currencies including GBP. GBP NZD possibly bounces back against the recent downward trend as Trend & Momentum indicates. But the upside would be limited.

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