Flash: NZD/USD forms base above 0.7700 – ANZ

According to Head of Global Markets Research Tim Riddell at ANZ, “The NZD/USD holding above 0.7700 increases the potential that a base is forming but a close above 0.7800 is still needed to suggest that the squeeze has begun.”
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NZD/USD stabilizes after recent losses

The NZD/USD foreign exchange rate rebounded off earlier lows at the 0.7740 level, tepidly rising during Asian trading.
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