NZD/USD: The New Zealand dollar retreated from a 1-week peak hit in the prior session as China faced the risk of a return to deflation, amid concerns of no apparent agreement in sight in U.S.-China trade talks. The Kiwi trades 0.2 percent down at 0.6821, having touched a high of 0.6855 on Thursday, 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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