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The New Zealand Dollar (NZD), also known as Kiwi, stretched its initial advances against the USD to 0.6830 during early Asian trading session.

The NZD/USD pair extended initial upward trajectory and gained another 100 pips after Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr said chance of a rate cut has not increased during press conference after the monetary policy rate announcement.

NZD/USD Technical Analysis

The pair needs to surpass 0.6830 descending resistance-line in order to aim for 0.6880 and then 0.6905 whereas 0.6945 could please bulls afterwards.

On the downside, 0.6770 and 0.6720 can act as immediate supports with 0.6705 horizontal-line gaining attention then after. During the pair’s decline past-0.6705, 0.6670 and 0.6620 could become sellers’ favorites.