NZD/USD: The New Zealand dollar slumped to a near 4-week low, after the Reserve Bank of New Zealand kept the official cash rate at 1.75 percent, as expected, and stated the more likely direction of the next OCR move is down amid a gloomier global outlook. The Kiwi trades 1.6 percent down at 0.6798, having touched a low of 0.6795 earlier, its lowest level Mar. 8. 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 0.6768 (Mar. 5 Low), a break below could drag it below 0.6744 (Mar. 7 Low).
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