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Analysts at ANZ explained that the NZD/USD remains confined to reasonably tight ranges, which is a picture we don’t see changing today.

Key Quotes:

“With holidays in both the UK and US, it was a reasonably quiet session for kiwi overnight.”

“But even so, the NZD has been in somewhat tight ranges for a while now anyway as overall market jitters cap the upside and reasonable underlying demand provides support.”

“We don’t see that picture changing today.”

“Support 0.6880 Resistance 0.6980.”