Daily FX Wrap and Strategy

The NZD has consolidated over the past 24-hours, to sit at0.7790 this morning. After the sharp selling of the NZD in the wake of the RBNZ’s transaction data release, trading has now resumeda more measured pattern. Over the past 24-hours, theNZD/USD has traded a broad range between 0.7740 and0.7820.

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