New Zealand GDP growth remain steady since start of 2014 and 3rd quarter GDP is expected to grow 0.7%. While falling dairy prices have undermined growth in export sector, other sector such as services & construction continues to prosper. New Zealand is certainly at the center of attraction for investors, specially when other major economies such as Japan & European countries are not performing well.

EURNZD is currently at an important support zone 1.5980 - 1.6000 and a breakout of this zone would pave way for further downside towards 1.5645 or 1.5540evel.

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