NZD/USD. Analysis and Forecast
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On Thursday, the NZD/USD pair faced resistance near the 50-day Simple Moving Average (SMA), retreating from the psychological 0.6000 level, above the two-week high reached the previous day. Prices broke a two-day upward trend.The U.S. Dollar Index, which tracks the dollar's value against a basket of currencies, is making a moderate attempt to recover, putting pressure on NZD/USD. This dollar strength is not backed by clear fundamental factors and is more likely linked to market repositioning ahead of the U.S.
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