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NZD/USD Analysis: Breaks 0.7014 Level

The New Zealand Dollar consolidated against the US Dollar below the weekly resistance level at 0.7014 on Thursday.

The NZD/USD exchange rate broke the weekly R2 at 0.7014 during the Asian session on Friday.

As for Friday’s trading session, the currency pair could continue to climb. The potential target for bulls would be at the 0.7060 area.

However, a resistance level at 0.7040 might provide resistance for the currency exchange rate in the shorter term.

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