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Dec 15 - 05:55 PM

NZD/USD - Maintains Gains After Better Than Expected NZ GDP

By John Noonan  —  Dec 15 - 05:08 PM
  • NZD/USD set to complete a bullish outside day after volatile Fed reaction

  • USD initially moved higher after Fed statement and dot plots nL1N2T01P9

  • USD reversed lower after Powell presser sent Wall Street higher

  • NZD/USD 0.70% higher near 0.6790 after trading as low as 0.6702

  • NZ Q3 GDP better than expected and helping NZD/USD retain gains

  • nL1N2T03FM

  • NZD/USD closing above 10-day MA at 0.6779 to ease downward pressure

  • Resistance is at the 21-day MA around 0.6835

  • A break above 0.6850 would suggest a bottom forming at 0.6700/10

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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