NZD/USD: The New Zealand dollar plunged on a Bloomberg News article, stating that the Reserve Bank of New Zealand has begun scoping a project to refresh its unconventional monetary policy strategy and implementation. The Kiwi trades 0.3 percent down at 0.6735, having touched a high of 0.6790 on Friday, its highest level Apr. 4.
Investors’ will continue to track broad-based market sentiment, ahead of U.S. economic data. Immediate resistance is located at 0.6823 (Mar. 29 High), a break above could take it near 0.6858 (Mar. 15 High). On the downside, support is seen at 0.6704 (10-DMA), a break below could drag it below 0.6664 (July 1 Low).
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