NZD/USD: The New Zealand dollar advanced, extending gains for the third straight session, following the release of better-than-expected trade data from China. Moreover, a smaller probability of any rate cuts after the Reserve Bank of New Zealand slashed expectations for a future easing at its Wednesday meeting boosted investor sentiment. The Kiwi trades 0.5 percent up at 0.6829, having touched a high of 0.6851 on Wednesday, its highest level Feb. 6. Investors’ will continue to track broad-based market sentiment, ahead of U.S. economic data. Immediate resistance is located at 0.6862 (Jan. 29 High), a break above could take it near 0.6911 (Dec. 11 High). On the downside, support is seen at 0.6766 (Feb. 6 Low), a break below could drag it below 0.6706 (Jan. 22 Low).
NZD/USD daily chart
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