NZD/USD: risk-on favours antipodeans just 24hrs away from US elections

Currently, NZD/USD is trading at 0.7334, up 0.06% on the day, having posted a daily high at 0.7350 and low at 0.7330.

Would a Trump win/Clinton defeat be a Black Swan for the markets? – FXStreet Survey

NZD/USD rallied through to the highest levels since 21st Sep on a risk-on day after the FBI cleared Clinton of wrongdoing in their investigation that was abruptly reopened having discovered thousands of more emails only to be closed again after just eight days which has raised some suspicion. However,  the decision was positive for the dollar, stocks along with commodities and the antipodeans. We are just 24hrs away from the elections and the polls remain mixed, albeit Clinton remains the favourite and a Trump victory could be Brexit all over again, so markets will be very nervous in the upcoming trade that brings us Chinese trade a little into the Tokyo shift. 

NZD/USD levels

Analysts at Westpac offered NZD/USD in a 1-3 month outlook:  "Targets 0.6950 or lower as long as the RBNZ cuts to 1.75% in November and the Fed tightens to 0.625% in December, as we expect."

Meanwhile, spot is presently trading at 0.7335, and next resistance can be seen at 0.7339 (Monthly High), 0.7339 (Weekly High), 0.7346 (Daily Classic R1), 0.7350 (Daily High) and 0.7358 (Yesterday's High). Next support to the downside can be found at 0.7332 (Daily Open), 0.7330 (Daily Low), 0.7323 (Hourly 20 EMA), 0.7322 (Daily Classic PP) and 0.7304 (Daily Classic S1).