NZD/USD: The New Zealand dollar rallied to a 3-month peak, as investors continued to wager the Reserve Bank of New Zealand would cut rates at its next policy meeting on Aug. 7, as the Fed was also expected to ease by the end of this month. The Kiwi trades 0.2 percent up at 0.6730, having touched a high of 0.6738 earlier, its highest level Apr. 17.
Investors’ will continue to track broad-based market sentiment, ahead of U.S. economic data. Immediate resistance is located at 0.6771 (Apr. 11 High), a break above could take it near 0.6799 (Apr. 4 High). On the downside, support is seen at 0.6663 (5-DMA), a break below could drag it below 0.6602 (July 5 Low).
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