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AUD/NZD has shed 20 pips thus far and...>

AUSSIE-KIWI
AUSSIE-KIWI: AUD/NZD has shed 20 pips thus far and last deals at NZ$1.0600,
having ebbed off of highs of NZ$1.0639 on the back of soft AU building
approvals, after both sides of the pair drew support from the BBG report
suggesting that U.S. President Trump is increasingly willing to strike a deal
with Beijing to bolster the stock market. 
- Bears keep an eye on the 50-DMA at NZ$1.0596, briefly breached today, followed
by yesterday's low of NZ$1.0564. Conversely, bulls need to reclaim the 55-DMA at
NZ$1.0619 and yesterday's high at NZ$1.0632.

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