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NZD/USD weighed upon by dairy woes

FXStreet (Guatemala) - NZD/USD is trading at 0.7783, down -0.04% on the day, having posted a daily high at 0.7790 and low at 0.7775.

NZD/USD remains in negative territory as global markets are shunning the commodity currencies since the end of last week and further more, in particular to the kiwi, the diary sector took another blow with GDT-TWI prices falling. Meanwhile, the hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bearish.

NZD/USD noteworthy levels

Spot is presently trading at 0.7784, and next resistance can be seen at 0.7793 (Daily Classic PP) and 0.7821 (Hourly 100 SMA). Support below can be found at 0.7775 and 0.7765.

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