NZD/USD: The New Zealand dollar eased, hovering towards a 1-1/2 week low hit in the previous session, after Westpac Bank in a research note forecast the Reserve Bank of New Zealand to cut the official cash rate by 25 basis points from its current record low of 1.25 percent in August, as previously projected, and added the prediction of a second rate cut in November. The Kiwi trades 0.1 percent down at 0.6696, having touched a low of 0.6691 on Wednesday, its lowest level July 15. Investors’ will continue to track broad-based market sentiment, ahead of U.S. economic data. Immediate resistance is located at 0.6738 (July 16 High), a break above could take it near 0.6823 (Mar. 29 High). On the downside, support is seen at 0.6664 (July 1 Low), a break below could drag it below 0.6619 (July 8 Low).
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