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NZD/USD holds in ranges ahead of the FOMC

FXstreet.com (Córdoba) - At the beginning of the Asian session the NZD/USD reached a fresh daily high at 0.8285 but pulled back later toward 0.8260. At the moment of writing trades at 0.8266, unchanged from yesterday's closing price.

NZD/USD remains capped below 0.8300

The pair continues to move in a range with support at 0.8240 and resistance below 0.8290 since the beginning of the week. During the recent American session traded a few minutes minutes under 0.8240 but it was rejected and rose quickly back above.

The bias continues to be sideways ahead of the FOMC meeting. The Federal Reserve will decide on monetary policy and later, Ben Bernanke will held his last press conference as FED's chairman. Recent economic data on New Zealand current account had no impact on the value of the Kiwi.

GBP/USD on the rise ahead of the Fed; 1.6317 is ST “correction resistance”

The GBP/USD is bouncing Wednesday after bottoming out just below technicians’ 1.6250 target intraday Tuesday. All the world is waiting on the Fed, but data ahead of FOMC news must be monitored as well.
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Flash: What you need to know ahead of Fed outcome positioning - HSBC

The currency complex will be a follower rather than a leader in today's taper decision, notes HSBC, with FX being driven by reactions of other financial markets.
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