Forex News: NZD/USD rallies likely to be limited to 6-week peak of 0.7763 tapped overnight as pair seems "overstretched at current levels," says Bank of NZ FX strategist Danica Hampton; "the push higher by the Kiwi (overnight) doesn't seem right. The economy here is slowing sharply," plus rate cut by RBNZ is near at hand, which should keep bias down near term. Pair last 0.7718 vs 0.7720 early, sellers active on rallies toward 0.7750. Broadly bearish USD will support Kiwi for now though further substantial gains unlikely.
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