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NZD/USD: Intraday Analysis & Forecast update

The Australian and New Zealand dollars steadied on Monday, drawing support from major chart levels as a tech-driven rally in share markets lifted sentiment, but rate considerations are set to dominate in a central bank packed week.

The two currencies remain at the mercy of the shifting global interest rate outlook, with events this week – including policy meetings from Bank of Japan and the European Central Bank and the U.S. PCE inflation data – likely to provide some clarity on the timing of rate cuts around the world.

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