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NZD/USD turns positive, hits daily highs

FXStreet (Córdoba) - NZD/USD is staging a mild recovery after a mix of hawkish Fed and dovish RBNZ sent the pair to its lowest level in 3 weeks.

NZD/USD stretched a bit lower and hit a marginal new low of 0.7765 at the beginning of the New York session weighed by better-than-expected US GDP, but it quickly bounced and reached fresh daily highs at the 0.7845 area as the greenback pulls back across the board. At time of writing, the pair is trading at 0.7835, 0.45% above its opening price.

NZD/USD levels to watch


On the upside, next resistances could be found at 0.7879 (20-day SMA) and 0.7900 (psychological level), while on the downside, next supports are seen at 0.7765 (daily low), 0.7713 (Oct 6 low) and 0.7707 (2014 low Sept 29).

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