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      NZD/USD: 0.64 handle under pressure from Bulls

      FXStreet (Guatemala) - NZD/USD is currently trading on the bid and made room on the 0.64 handle with a low of 0.6311.

      NZD/USD is currently consolidating the upside of the sharp spike in price in the back of a no-change decision from the Fed today while they wish to monitor for an improvement in the labour market and be reasonable confident on meeting their 2% target. The statement also highlighted the global uncertainties that are yet to be realised in respect to what effect they are having on the US economy and a move too soon may jeopardise an improvement in the local economy.

      NZD/USD levels

      Technically, the 20 DMA at 0.6384 has been penetrated and the 0.64 handle has come back into focus. The pair is trading with a bullish bias as the MACD turns more positive on the daily time frames. The next line of resistance stands at the 50 DMA at 0.6510.

      EUR/USD rejected at 1.1421, Fed undecided on timing of lift-off

      The EUR/USD pair was offered at the high of 1.1421 and now trades around 1.1390 levels even though Fed chairwoman Yellen refrained from throwing light on the timing of the liftoff.
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      Fed Yellen says rate to move to its longer run normal level by the end of 2018

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