NZD/USD: The New Zealand dollar bounced back, halting a 2-day losing streak amid expectations the annual wage growth will pick up slightly to 2.0 percent, which could provide comfort for the Reserve Bank of New Zealand which is set to release its first monetary policy decision of the year next week. The Kiwi trades 0.2 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).
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