NZ Dollar Rises To 4-day High Against Greenback

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NZ Dollar Rises To 4-day High Against Greenback

Moving off last week's strong support line of 0.7460 against the US dollar, the New Zealand currency touched a 4-day high of 0.7576 in early deals on Monday. With a double-bottom reversal being formed in the medium-term chart, the kiwi-greenback pair may target resistance at the neck-line area around the 0.7650 level.

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» Australian Dollar Rises To 3-day High Against Canadian Dollar