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NZD/USD: downside chipping away at key support level

FXStreet (Guatemala) - NZD/USD is currently trading at 0.6482 with a high of 0.6498 and a low of 0.6482.

NZD/USD has been relatively steady albeit testing the downside of the 0.65 handle, with dips into 0.6480 territory in a continuation of the downside.
We had some recently good news retails sales beating expectations and with Fonterra increasing its forecast earnings per share range, however, markets are fixated on the Federal Reserve Bank in December potentially increasing interest rates for the first time in over a decade. We now look forward to the GDT price index this week and the FOMC minutes, USD CPI's and Fed speak.

NZD/USD levels

Technically, 0.6489 (Fib. 61.8%) and 0.6500 levels of support are being tested here and convincing closes here while pressured form above, notably by the 55 DMA at 0.6525, the bears could jump into action looking for a run on the September lows again. The 200 DMA at 0.6962 needs to be broken to alleviate immediate downside pressures.

RBA minutes - what to expect in AUD/USD?

The RBA Minutes is due today while the Aussie has been better offered, but trying to make a come back on to the 0.71 handle while testing the 200 SMA on the hourly chart at 0.7093 in a slow market that has been in consolidation after the initial risk-off opening in Asia yesterday.
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AUD/USD: 0.6990 key support under threat? - FXStreet

Valeria Bednarik, chief analyst at FXStreet explained that the AUD/USD pair ended the day a few pips below the 0.7100 level, with the Aussie unable to benefit from a strengthening gold.
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