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FxWirePro: NZD/USD pauses downtrend and consolidates

• NZD/USD steadied    around 0.5982  on Tuesday as all eyes turned towards US presidential elections in the United States.

• Democratic candidate Kamala Harris and Republican Donald Trump remain virtually tied in opinion polls and the winner might not be known for days after voting ends.

• The U.S. will begin voting later today, and initial results are expected to start trickling in by Wednesday morning, Asia time.

• At (GMT 05:17) kiwi dollar was trading at up  0.17% at $0.5982 against the U.S. dollar.    

•  Immediate resistance is located at 0.6010(38.2%fib), any close above will push the pair towards 0.6063(50%fib).

•  Support is seen at 0.5973 (5SMA) and break below could take the pair towards 0.5939(23.6%fib).

 Recommendation: Good to buy around 0.5970  with stop loss of 0.5900 and target price of 0.6060

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