After stuttering to a 0.7730 Friday close, Sunday’s upbeat Chinese PMI has pushed the NZD/USD back up to around 0.7765 at this morning’s FX markets open. Improving sentiment towards the Chinese economy and fading prospects for imminent western intervention in Syria may see the NZD/USD continue to recover through the early part of the week. Key will be whether support at the bottom end of the 0.7690-0.8105 range continues to hold.
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