The New Zealand Activity Outlook for December expanded while Business Confidence remained subdued. The New Zealand Dollar advanced slightly which took the NZDUSD to the lower band of its horizontal resistance area.
Is this the right time to go short? Forex traders will receive US Housing Starts and Building Permits data. What impact on price action will this have? Can the NZDUSD push ahead or will bear get the data they need in order to extend the most recent breakdown?
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