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  • Kiwi on the rise as risk assets find favor against the US Dollar as risk appetite swings forward  on positive trade headlines from the US.
  • July’s peak at 0.6860 is the key barrier keeping bulls under pressure, and a break higher will leave NZD bulls free to make a run for 0.70 as long as markets remain optimistic,  but hazards abound for a return to risk aversion.

NZD/USD Chart, 15-Minute

Spot rate:   0.6844
Relative change:   0.13%
High:   0.6849
Low:   0.6827
Trend:   Bullish
Support 1:   0.6827 (current day low)
Support 2:   0.6784 (previous day low)
Support 3:   0.6764 (61.8% Fibo retracement level)
Resistance 1:   0.6858 (July 9th peak)
Resistance 2:   0.6920 (June 25th swing high)
Resistance 3:   0.7000 (major psychological level)