NZD/USD: The New Zealand dollar declined to a fresh 6-week trough, as the greenback rallied on Federal Reserve’s policy stance. The major attempted a minor recovery after Dairy group Fonterra said milk production in June rose 13.9 percent year-on-year, as weather conditions improved collection in the current season. The Kiwi trades flat at 0.6555, having touched a low of 0.6534 earlier, its lowest level June 20. Investors’ will continue to track broad-based market sentiment, ahead of U.S. economic data. Immediate resistance is located at 0.6594 (23.6% retracement of 0.6790 and 0.6534), a break above could take it near 0.6662 (50.0% retracement). On the downside, support is seen at 0.6513 (July 19 Low), a break below could drag it below 0.6487 (June 14 Low).
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