NZD/USD Bearish Channel In Force, NZ CPI On Tap

By Matthew Weller of Forex.com

Friday, October 12, 2018 2:51 PM EDT

NZD/USD is a classic “risk-on” currency pairing. While the pair actually rose by about 50 pips over the last two days (primarily due to weakness in greenback), it remains in a longer-term downtrend defined by a 6-month bearish channel.

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