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5 Apr 2013
Forex: NZD/USD establishes fresh lows at 0.8389/90
FXstreet.com (Barcelona) - The NZD/USD found itself on the decline following the release of checkered US economic data Friday. In recent moments the pair plunged off the 0.8405 handle to establish fresh lows at 0.8389/90 in these moments.
“The NZD/USD failed to cling on to the position it adopted above Linear Regression Indicators and the stochastic demonstrated a negative crossover, making us suggest a fresh bearish attempt.” warns the ICN.com analyst team.
In the United States, the Nonfarm Payrolls (March) were reported at 88K, against expectations of 200k. Meanwhile, the Unemployment Rate (March) came in at just 7.6%, beating consensus estimates of 7.7%.
“The NZD/USD failed to cling on to the position it adopted above Linear Regression Indicators and the stochastic demonstrated a negative crossover, making us suggest a fresh bearish attempt.” warns the ICN.com analyst team.
In the United States, the Nonfarm Payrolls (March) were reported at 88K, against expectations of 200k. Meanwhile, the Unemployment Rate (March) came in at just 7.6%, beating consensus estimates of 7.7%.