NZD/USD: The New Zealand dollar declined after rising for six straight sessions, weighed down by disappointing monthly import figures from China. Data released earlier in the day showed Chinese imports declined 8.5 percent in May from a year earlier, the most in nearly three years. The Kiwi trades 0.5 percent lower at 0.6631, having touched a high of 0.6681 on Friday, its highest level April 30.
Investors’ will continue to track broad-based market sentiment, ahead of U.S. economic data. Immediate resistance is located at 0.6694 (Apr. 19 High), a break above could take it near 0.6729 (Apr. 18 High). On the downside, support is seen at 0.6588 (May 7 Low), a break below could drag it below 0.6513 (May 17 Low).
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