NZD/USD: The New Zealand dollar edged lower after China’s Caixin Markit services purchasing managers’ index (PMI) fell slightly to 53.6 in January from 53.9 in December. The Kiwi trades 0.05 percent down at 0.6890, having touched a high of 0.6941 on Friday, its highest level December 5. Investors’ will continue to track broad-based market sentiment, ahead of U.S. economic data. Immediate resistance is located at 0.6944 (Dec. 5 High), a break above could take it near 0.6998 (May 30 High). On the downside, support is seen at 0.6856 (Dec. 6 Low), a break below could drag it below 0.6799 (Jan. 15 Low).

NZD/USD weekly chart

NZD/USD daily chart

 

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