NZD USD Bottomed Out at 50% Fibonacci for 5th time in 2017

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Summary

New Zealand trade balance beat expectations earlier during the Asian session on Wednesday but NZD USD bottomed out at 50% Fibonacci last week for the 5th time in 2017. Now the question is if this is the continuation of the long-term range?  Or the beginning of a new uptrend? Let's conduct an IDDA to find out!

 


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