NZD/USD: The New Zealand dollar rose, halting a 3-day losing streak as investors showed little initial reaction to a government budget that included a sharp downward revision to economic growth forecasts and promises of more public spending. The Kiwi trades 0.2 percent higher at 0.6523, having touched a high of 0.6559 on Monday, its highest level May 16. Investors’ will continue to track broad-based market sentiment, ahead of U.S. economic data. Immediate resistance is located at 0.6591 (May 14 High), a break above could take it near 0.6614 (May 10 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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