NZD/USD: The New Zealand dollar consolidated near a 10-day low, as investors wagered heavily that the Reserve Bank of New Zealand will have to move again following its May easing, though it is not seen cutting as deep as the RBA. The Kiwi trades flat at 0.6575, 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 0.6619 (June 4 High), a break above could take it near 0.6681 (June 7 High). On the downside, support is seen at 0.6550 (May 15 Low), a break below could drag it below 0.6513 (May 17 Low).
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