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• NZD/USD steadied around 0.5982 on Tuesday as all eyes turned towards US presidential elections in the United States.
• Democratic candidate Kamala Harris and Republican Donald Trump remain virtually tied in opinion polls and the winner might not be known for days after voting ends.
• The U.S. will begin voting later today, and initial results are expected to start trickling in by Wednesday morning, Asia time.
• At (GMT 05:17) kiwi dollar was trading at up 0.17% at $0.5982 against the U.S. dollar.
• Immediate resistance is located at 0.6010(38.2%fib), any close above will push the pair towards 0.6063(50%fib).
• Support is seen at 0.5973 (5SMA) and break below could take the pair towards 0.5939(23.6%fib).
Recommendation: Good to buy around 0.5970 with stop loss of 0.5900 and target price of 0.6060
