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NZD reversed RBNZ Governor Orr inspired........>

KIWI
KIWI: NZD reversed RBNZ Governor Orr inspired losses after he noted the RBNZ is
in no rush to hike interest rates. NZDUSD touched react lows of $0.6620, but has
since recovered to hold near the peak of its tight range, last $0.6654.
Near-term resistance is seen at $0.6684 from the 21-dma, bulls need to break the
Aug21 high at $0.6720 to shift momentum and target the Aug highs above $0.68. A
break back under $0.6600 renews the bearish trend, opening support from the ytd
low at $0.6545.  

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