NZD/USD: The New Zealand dollar tumbled to a near 3-week low as investors ponder how far the Reserve Bank of New Zealand will lower rates. The RBNZ is expected to cut interest rates again at its next meeting in August. The Kiwi trades 0.1 percent down at 0.6600, having touched a low of 0.6565 earlier, its lowest level June 21.
Investors’ will continue to track broad-based market sentiment, ahead of U.S. economic data. Immediate resistance is located at 0.6648 (5-DMA), a break above could take it near 0.6726 (July 1 High). On the downside, support is seen at 0.6554 (June 21 Low), a break below could drag it below 0.6526 (June 3 Low).
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