FxWirePro: NZD/USD extended its losses as the U.S. dollar firms

• NZD/USD declined on Tuesday as US dollar firmed on bets that the U.S. Federal Reserve will opt for a small 25-basis-point rate

• New Zealand will release its third-quarter inflation figures on Wednesday that could shift bets on the size of a potential rate reduction in November.

•Markets are leaning towards a half-point cut from the Reserve Bank of New Zealand, which is 88% priced in, while a quarter-point move is seen as an 11% chance

• At GMT 06:01 ,the kiwi dollar slipped  0.28% at  0.6078, lowest level since Oct 10th  .
 
•  Immediate resistance is located at 0.6112(50%fib), any close above will push the pair towards 0.6143(Oct 9th hiigh).

• Support is seen at 0.6069(38.2%fib) and break below could take the pair towards 0.6019 (lower BB).

 Recommendation: Good to sell around 0.6080 with stop loss of 0.6150 and target price of 0.6000