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Kiwi looks supported as N.Z. election looms

Kiwi dollar remains supported but contained ahead of the general election on the weekend. There's also New Zealand second quarter GDP coming up on Wednesday evening (Thursday morning in N.Z.), just a couple of hours after the FOMC decision.
The pair is bumping into 0.73 - 0.7350 area, which capped the pair in 2016 and earlier this year, and includes 50 DMA. A successful break would put 0.75 back into focus. 0.72 is the first stronger support, reinforced by 100 DMA.
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Kiwi attempts to bottom ahead of general election

New Zealand dollar has been in the correction mode since topping out near 0.7550 at the end of July. Some uncertainty surrounding general election which will take place on September 23th has been partly responsible for the pullback.
Kiwi found support right on 200 DMA, which is reinforced by 61.8% retracement of the May - July upswing. Two-cent rally peaked at 0.7350, which could well mark range top ahead of the aforementioned election.
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