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Forex: NZD/USD unchanged at 0.85 ahead of US NFP

FXstreet.com (Barcelona) - NZD/USD is last at 0.8498, almost unchanged for the week so far and from previous Asia-Pacific open yesterday, while China and Japan will be closed today for holiday. The pair recovers from NY session fresh weekly lows at 0.8452, while keeps being capped below the 0.85 handle as NY session highs.

According to ANZ analysts the pair will trade in the near term inside the range of 0.8470/0.8580 with key risk event later on in the form of US NFP data at 12:30 GMT, that surely will add volatility to the pair. Today's Australia Q1 PPI at 01:30 GMT could also have an impact on the Kiwi and on AUD/NZD, that currently trades near multi year lows around the 1.20 figure.

Immediate support to the downside for NZD/USD lies at Wednesday's lows 0.8480, followed by Monday's lows/April 23 highs at 0.8464, and yesterday's weekly lows at 0.8453. To the upside, closest resistance shows at yesterday's highs 0.8513, followed by Tuesday's lows at 0.8537, and April 25 0.8564.

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