NZD/USD: The New Zealand dollar steadied after falling to a 1-1/2 week low in the previous session, as the Reserve Bank of New Zealand skipped a chance for further easing in June. However, investors expect it will cut again at its next meeting in August and will reach 1 percent by early next year. The Kiwi trades 0.2 percent up at 0.6639, having touched a low of 0.6602 on Friday, its lowest level June 26.
Investors’ will continue to track broad-based market sentiment, ahead of U.S. economic data. Immediate resistance is located at 0.6671 (5-DMA), a break above could take it near 0.6726 (July 1 High). On the downside, support is seen at 0.6592 (June 26 Low), a break below could drag it below 0.6554 (June 21 Low).
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