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A risk on feel on the back of the latest.......>

KIWI
KIWI: A risk on feel on the back of the latest Brexit developments reported by
the Times & wider than exp. AUD trade balance has lent support to NZD/USD,
although AUD/NZD flows are now limiting the upside move. Rate last $0.6539.
- The cross came under pressure Wednesday, as USD demand at the month-end London
fix weighed, resulting in a low of $0.6513.
- NZD/USD bulls look for a close above the Oct 23 high ($0.6569), and the 50-DMA
($0.6574). Bears continue to target a move back below $0.6500, which would then
allow them to focus on Friday's low ($0.6465).
- NZ focus turns to next week's RBNZ MonPol decision & labour market data.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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