NZD/USD: The New Zealand dollar declined after China reported surprisingly weaker growth in retail sales and industrial output for April, adding pressure on Beijing to roll out more stimulus amid escalating trade war with the United States. The Kiwi trades 0.1 percent down at 0.6565, having touched a low of 0.6525 last week, its lowest level Nov. 1. Investors’ will continue to track broad-based market sentiment, ahead of U.S. economic data. Immediate resistance is located at 0.6653 (May 3 High), a break above could take it near 0.6694 (Apr. 19 High). On the downside, support is seen at 0.6514 (Nov. 1 Low), a break below could drag it below 0.6474 (Oct. 4 Low).
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