NZD/USD: The New Zealand dollar plunged to a 21-day low, amid reinforced expectations the Reserve Bank of New Zealand would cut rates by a quarter-point to 1.25 percent at its policy meeting on Aug. 7, and likely move again by December. The Kiwi trades 0.2 percent down at 0.6599, having touched a low of 0.6586 earlier, its lowest level July 10. Investors’ will continue to track broad-based market sentiment, ahead of U.S. economic data. Immediate resistance is located at 0.6636 (23.6% retracement of 0.6790 and 0.6586), a break above could take it near 0.6713 (61.8% retracement). On the downside, support is seen at 0.6565 (July 10 Low), a break below could drag it below 0.6513 (July 19 Low).
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