FxWirePro: NZD/USD outlook weaker on renewed downside pressure

• NZD/USD eased  on Tuesday as dollar continued to attracted bids as odds of former president Donald Trump winning the Nov. 5 U.S. election improve

• The U.S. election has entered its final stretch, with opinion polls still too close to call a winner, despite some betting sites and financial markets leaning toward a win for Republican Donald Trump over Democrat Kamala Harris.

. Looking ahead, market participants are awaiting  Friday's non-farm payrolls for direction on the dollar.
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• At (GMT 07:38) Kiwi dollar was trading at down  0.08 % at $0.5975 against the U.S. dollar. 

•  The technical outlook remains berish and points to eventual bigger gains, Fourteen-day momentum is positive, reinforcing the scope for a bigger gains  .
 
•  Immediate resistance is located at 0.5990(5SMA), any close above will push the pair towards 0.608 (38.2%fib).

•  Support is seen at 0.5957 (23.6%fib) and break below could take the pair towards 0.5900(Psychological level).

 Recommendation: Good to sell around 0.5960 with stop loss of 0.6000 and target price of 0.5900