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Dahua Bank: The US dollar may continue to rise against the New Zealand dollar
FXStreet, Nov 7th, Golden Data - Quik, from the Global Economic and Market Research Department of Dahua Bank, stated in a research report that, from the chart, the USD/NZD may continue its upward trend. The market strategist pointed out that on Wednesday, the currency pair surged above the 1.3270 level and decisively broke the 55-week index moving average line. The strategist added that the technical outlook indicates that the upward trend of the USD/NZD is expected to continue, but it is not yet clear whether the currency pair can break through the important resistance level of 1.3460.