NZD/USD: The New Zealand dollar trimmed gains after rising to a 5-day high, as investors awaited the Reserve Bank of New Zealand’s policy meeting on Wednesday, where it is considered certain to keep rates steady and reiterate its outlook for no change until 2021. The Kiwi trades flat at 0.6907, having touched a high of 0.6938 on Thursday, its highest level Feb. 1. 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 0.6969 (Dec. 4 High). On the downside, support is seen at 0.6876 (5-DMA), a break below could drag it below 0.6808 (Mar. 14 Low).
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