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    New Zealand Dollar Analysis : NZD/USD Weakens

    f you have already performed some New Zealand dollar analysis, you will know that the New Zealand Dollar (NZD) has been on a non-directional path for some time. For most of the past few years, the NZD has been basically sitting right where it is, at a very high plateau. The recent global economic crisis and the United States Dollar strengthening in the wake of the crisis have done little to change this. If you are like most people around the world, you are holding onto your New Zealand Dollar because you think that it will eventually reverse. The last thing anyone needs is for the NZD to weaken and…

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    AUD/USD RSI Sits in Overbought Zone Ahead of Australia Jobs Report

    The U.S. Dollar Index is poised to head into a major overbought zone ahead of the Australian dollar, according to a new forecast from The Conference Board of Australia (TCB). The overbought zone is where currency investors expect the strength of the US Dollar to be limited against the currencies of other major economic partners. The US Dollar Index is supposed to head into a major overbought zone after the release of the US National Economic Statement on December 14th, which outlines a number of stimulus programs that are expected to be released in the coming year. Australia’s currency market is likely to face similar oversold conditions if the U.S.…