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NZD/USD holding out on 0.82 handle

FXStreet (Guatemala) - NZD/USD is trading at 0.8201, up 0.32% on the day, having posted a daily high at 0.8231 and low at 0.8145.

NZD/USD is stubborn here and clenching onto the 0.98 handle by the skin of it’s teeth. The greenback has been kicked into touch by traders reacting to the Chinese news that came earlier across the wires and the bird has taken advantage and has also been one of the best benefactors of the onslaught. Along with that, analysts at TD Securities explained that ahead of Saturday’s election, a new poll suggests support for the opposition Labour party has sunk to a record low of 22.4% while the Nationals hold steady at 52.8%, positioning it to govern alone, leaving aside the less palatable option of forming alliances with minor parties. “Net-net, better for NZGB and NZD, vs other outcomes”.

NZD/USD hourly levels

Spot is presently trading at 0.8202, and next resistance can be seen at 0.8207 (Weekly Classic PP), 0.8221 (Daily Classic R2), 0.8231 (Hourly 200 SMA) and 0.8231. Next support to the downside can be found at 0.8198 (Daily Classic R1), 0.8183, 0.8178 (Hourly 20 EMA) and 0.8177 (Hourly 100 SMA).

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