- China manufacturing PMI came in at 15-month low, missing expectations and surprised markets on the downside
- Poor Chinese data triggered a fresh sell-off among the antipodean currencies, dragged the Kiwi lower towards fresh six-year lows
- NZD/USD is at the time of writing trading at 0.6580, down from the day's open by 0.6605
- 0.6557 a strong Trendline support, breaks below could extend to 0.6502 (July 20 Low) levels
- Resistance is located at 0.6621 (Today's High) levels and above which it could extend gains 0.6656 (July 21 High)
R1: 0.6621 (Today's High)
R2: 0.6655 (Daily High Jul 21)
R3: 0.6705 (Down TrendLine From Apr/Jun High)
Support Levels:
S1: 0.6557 (Trendline support)
S2: 0.6498 (2015 & 6 Yr Low Jul 16)
S3: 0.6470 (Daily Low Jul 30 2009)
