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NZD/USD offered near 0.67

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 26, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Mumbai) - The NZD/USD was offered at the high of 0.6597; its fourth failure around 0.66 handle in the current month.

    Drops below 50-DMA

    At the time of writing, the pair traded just below its 50-DMA located at 0.6574. The Kiwi and other commodity dollars have been the major beneficiaries amid the smaller corrections seen offlate in the USD.

    With the empty economic calendar and a trading holiday in the US, the pair is unlikely to see much action till the Friday’s Asian session.

    NZD/USD Technical Levels

    The immediate resistance is located at 0.6574 (50-DMA), above which the pair could re-test a major hurdle at 0.66 handle. On the other side, support is located at 0.6542 (100-DMA) and 0.6524 (hourly 200-MA).
    For more information, read our latest forex news.

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