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FxWirePro: NZD/USD slips as fading Iran peace hopes boost Dollar demand

• NZD/USD slipped lower  on Thursday as fading hopes for a U.S.-Iran peace deal weakened market sentiment and supported the U.S. dollar.

 • Fresh U.S. strikes on Iran have raised further doubts over the durability of the ceasefire agreement in the region.

•   President Trump also downplayed the chances of a peace deal, while Brent crude prices climbed 1.8% during Asian trading.

• The RBNZ kept the overnight call rate steady in a split decision, with three members voting for a quarter-point increase and three opting to hold. Governor Anna Breman cast the deciding vote.

•  Immediate resistance is located at 0.5896 (SMA 20), any close above will push the pair towards 0.5916(38.2%fib).

•  Support is seen at 0.5835(50%fib) and break below could take the pair towards 0.5794(Lower BB).

 Recommendation: Good to sell  around 0.5890 with stop loss of 0.5960 and target price of 0.5830

 

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