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Forex: NZD/USD regains 0.8500

FXstreet.com (Barcelona) - After dipping to session lows in the boundaries of 0.8490, the kiwi dollar has managed to gather traction and retake the 0.8500 handle on Monday, as risk appetite continues to shrink.

According to I.Spivak at DailyFX, “Prices are consolidating around the 0.85 figure. Near-term trend line resistance is at 0.8558, with a break above that targeting swing highs at 0.8585 and 0.8675. Trend-line support is at 0.8453. A move beneath that eyes a pivot support level at 0.8389”.

At the moment, the cross is down 0.47% at 0.8501 with the next support at 0.8474 (low May 3) followed by 0.8456 (low May 2).
On the upside, a surpass of 0.8587 (high Apr.30) would expose 0.8625 (hourly high/lows Apr.2) and finally 0.8643 (high Apr.12).

Forex: AUD/USD finds support at 1.0220; back toward 1.0250

After falling around 30 pips in the early American session from 1.0255 to trade at intra-day lows at 1.0220, the AUD/USD seems to have found support at this level with the pair trading back to 1.0250. Currently the cross is pricing at 1.0245.
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