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NZD/USD extends gains after US GDP

FXstreet.com (Córdoba) - The NZD/USD jumped to fresh daily highs as the greenback weakened on the back of disappointing US GDP reading.

NZD/USD rises above 0.7800 after data

NZD/USD, that was already trading positively before the data, extended gains above the 0.7800 mark to hit a fresh 1-week peak of 0.7829 before finding resistance at the 200-hour SMA.

At time of writing, NZD/USD is trading at the 0.7810 area, where it records a 1.0% gain on the day with commodity currencies still among the best performers on Wednesday.

USD/CAD mixed on US data

USD/CAD is printing a low of 1.0455 after the release of Personal Consumption Expenditures and The Real (Core) Personal Consumption Expenditure came in line, while the key data in focus, The Gross Domestic Product annualised, came in worse at 1.8% against 2.4% expected.
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GBP/USD trading at support

The GBP/USD technical pair managed to rally higher and recovery off of earlier lows (1.5349), however this movement was cut short, leading to stagnation.
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