NZD/USD: The New Zealand dollar surged after data released earlier in the day showed China’s Caixin/Markit Manufacturing Purchasing Managers’ Index rose to 49.9 in February, from 48.3 in January, surpassing expectations. The Kiwi trades 0.1 percent up at 0.6816, having touched a high of 0.6903 on Tuesday, its highest level Feb. 6. Investors’ will continue to track broad-based market sentiment, ahead of U.S. economic data. Immediate resistance is located at 0.6853 (Feb. 22 High), a break above could take it near 0.6941 (Feb. 1 High). On the downside, support is seen at 0.6797 (Feb. 21 Low), a break below could drag it below 0.6774(Feb. 6 Low).
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