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A largely uneventful Asia session saw NZD......>

KIWI
KIWI: A largely uneventful Asia session saw NZD sit at the bottom of G10
following a slight turn in risk sentiment after the release of soft Caixin China
PMI & mixed US-China trade negotiations. NZDUSD under early pressure, based
around the double-bottom support area at $0.6630/35, before recovering to
$0.6648/53 at the European crossover. Bulls will look for a close above the
100-dma at $0.6664, before challenging Friday's high at $0.6690. Above here
opens the 38.2% retracement of the 2018 range at $0.6812, ahead of the July
highs at $0.6857. NZDJPY settles in the middle of its Y75.02-51 overnight range,
targeting a break of the 200-dma at Y75.95. EURNZD extends its decline through
the 200-dma (NZ$1.7161) to NZ$1.7127, near-term support seen at NZ$1.7061 from
Friday's low. 

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