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RBNZ says New Zealand dollar still elevated, kiwi breaks support level

RBNZ says New Zealand dollar still elevated, kiwi breaks support level

Central Banks
Adam Button
12/11/2013 | 20:02 GMT

Comments from an RBNZ report:

  • RBNZ says overvalued housing market is the main financial system threat
  • NZ banks in strong shape

The New Zealand dollar has fallen 30 pips and edged below the neckline of the head and shoulders pattern on the comment.

NZD daily chart

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