NZD/USD: The New Zealand dollar consolidated within narrow ranges, as investors refrained from taking big positions amid speculation that the Reserve Bank of New Zealand will cut interest rates again at its next meeting in August.
The Kiwi trades flat at 0.6622, 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 (10-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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