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NZD/USD bounces off intraday lows to 0.8138/44

FXstreet.com (Barcelona) - The NZD/USD has rallied off of intraday lows at the 0.8112 level during US trading, recovering the mark of 0.8138/44 in these moments.

At this juncture, the pair is still operating at a -0.36% loss Wednesday – according to the Mataf.net analyst team, the next supports in the short-term window occur at 0.8115, then 0.8069, and finally 0.8021. Conversely, a movement higher will initiate resistances at 0.8209, ahead of 0.8257, and eventually 0.8303.

“The NZD/USD is trading with a bearish bias, and has declined after failing to extend the uptrend on Tuesday. The pair touched linear regression indicators 34 and dropped back. The price level 0.8210 has proven its strength, and we will rely on it to suggest the potential occurrence of a downtrend since the pair is being traded below it.” warns he ICN.com analyst team

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