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NZD/USD attempting a recovery off new lows

FXStreet (Guatemala) - NZD/USD is trading at 0.7820, up 0.08% on the day, having posted a daily high at 0.7837 and low at 0.7805.

NZD/USD is attempting to recover from the lower lows of overnight trade and moves in on the 0.7840 resistance but meets supply again ahead of that level. The greenback has a wealth of data coming up ahead of the Thanks Giving holidays and month end that may witness some activity on the flows and squaring up. However, there is a continued sense of the downside building up in the Kiwi, with a weaker Yen, lower commodity prices are both weighing on the bird. The next main risk event could be the report on FX interventions. This will be due and published 27th November.

NZD/USD noteworthy levels

Spot is presently trading at 0.7821, and next resistance can be seen at 0.7837, 0.7854 (Daily 20 SMA), 0.7856 (Hourly 100 SMA), 0.7866 (Daily Classic R1) and 0.7868. Next support to the downside can be found at 0.7816 (Daily Classic PP / Hourly 20 EMA) and 0.7805.

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