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NZD/USD hits 2-day low

FXStreet (Córdoba) - NZD/USD dropped sharply after US CPI numbers and fell from 0.7970 to 0.7933, reaching the lowest price since Monday. Afterwards the pair bounced to the upside but the recovery was capped by 0.7960.

Currently trades at 0.7945/50, 10 pips below Tuesday’s closing price, as it continues to retreat after climbing yesterday to 0.8036.

NZD/USD technical levels

To the upside, immediate resistance lies at 0.7960 (American session high) and above here at 0.7990 (daily high) and 0.8010/15. To the downside, immediate support could be seen at 0.7930/35 (daily low) and below at 0.7900.

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