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NZD/USD reverses losses and hits daily highs

FXStreet (Córdoba) - NZD/USD staged a modest comeback over the last hours and turned intraday positive as the greenback takes a step back.

NZD/USD had bottomed out at the 0.7610 zone from where it bounced to strike a high of 0.7787 in recent dealings. At time of writing, the pair is trading at 0.7783, recording a 0.48% gain so far on the day.

US Veterans Day holiday could translate in thinner volumes. While Wall Street will operate as usual, bond markets and government offices are closed.

NZD/USD technical levels

On the upside, if NZD/USD extends gains, next resistances could be found at 0.7800 (psychological level), 0.7822 (Nov 10 high) and 0.7841 (21-day SMA). On the downside, supports are seen at 0.7712 (Nov 11 low), 0.7684 (Nov 5 low) and 0.7660 (2014 low Nov 7).

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