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NZD/USD bulls ar at 0.7900 door again

FXStreet (Moscow) - NZD/USD is trying to get above 0.7900 after after a short-lived dip towards 0.7887; currently the pair is trading at 0.7903

NZD/USD staged an impressive recovery on Monday. The pair opened the week at 0.7818 and finished it at 0.7890 after having touched the intraday high at 0.7897, marginally below 0.7900 pivot. USD has been declining three days in a row in most major pairs amid rather cautious comments from Fed officials. The politicians are worried that the American economy might suffer from external shocks and strong dollar. Dovish comments lead to extensive profit-taking on long dollar positions across the board. Later during the day the pair will be influenced mostly by USD movements and risk sentiments. From the technical point of view keep an eye at 0.7895/00 resistance. Once it is clearly broken, the upside may extend towards 0.7930. The initial support is seen at 0.7855 (Asian low)

What are today’s key NZD/USD levels?

Today's central pivot point can be found at 0.7862, with support below at 0.7825, 0.7757 and 0.7720 with resistance above at 0.7930, 0.7967 and 0.8035. Hourly Moving Averages are mixed, with the 200SMA bullish at 0.7844 and the daily 20EMA bearish at 0.7946. Hourly RSI is bullish at 58

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