NZD/USD: The New Zealand dollar extended previous session’s rebound as the greenback eased following a drop in the U.S. Treasury yields. On Thursday, the major plunged to a 7-month low as markets speculated that RBA rate cuts would put pressure on the Reserve Bank of New Zealand to ease again. The Kiwi trades 0.2 percent up at 0.6529, having touched a low of 0.6481 the day before, its lowest level Oct. 26. Investors’ will continue to track broad-based market sentiment, ahead of U.S. economic data. Immediate resistance is located at 0.6547 (May 17 High), a break above could take it near 0.6591 (May 14 High). On the downside, support is seen at 0.6474 (Oct. 4 Low), a break below could drag it below 0.6442 (Oct. 10 Low).
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