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NZD/USD has been sidelined

From a technical perspective the outlook for NZD/USD is probably no worse than neutral.

The alignment of the 50-200-800 simple moving averages, on the 1hr chart does not show a clear trend in existence, nor the below 30 ADX at the moment is a sign of a constructive price structure. The prospect for the building of triangles, rectangles, and pennants looks to be quite realistic. Traders may opt to capitalise on such chartist patterns and their price projections.

GBP/JPY supported by upbeat services output data

Sterling wobbled after a weaker-than-expected Q3 UK GDP reading, but the uptick in the services output ensured the losses in the GBP/JPY pair remained capped around 184.30.
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UK GDP growth plummets to 0.5% in 3Q15, below consensus expectations – ING

James Knightley, Research Analyst at ING, notes that the UK 3Q15 GDP rose 0.5%QoQ versus 0.7% growth in 2Q15 which leaves the annual rate of growth at 2.3%YoY.
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