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NZD/USD on retreat again

FXStreet (Moscow) - NZD/USD spiked to 0.8178 early in Asia, but the gains proved to be unsustainable as the pair touched the low at 0.8116 and settled at 0.8133.

Kiwi tries to settle above 0.8100

NZD/USD is going to finish this volatile week mostly unchanged, in the middle of 0.8100-0.8200 range after failed attempts to breakaway both ways. From the technical point of view, a weekly close well above 0.8100 might signal that kiwi bears are exhausted and some period of rangebound trading is on cards. Longer-term horizon of the pair is still clouded as USD upside trend is gaining traction across the board. As macroeconomic calendar is rather light today, watch out for week end position adjustment and speculative sentiments, related to Scottish referendum results.

What are today’s key NZD/USD levels?

Today's central pivot point can be found at 0.8130, with support below at 0.8101, 0.8050 and 0.8021 with resistance above at 0.8181, 0.8210, and 0.8261. Hourly Moving Averages are bearish, with the 200SMA bearish at 0.8185 and the daily 20EMA bearish at 0.8266. Hourly RSI is bearish at 46

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