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Despite a minor pullback off the high..........>

KIWI
KIWI: Despite a minor pullback off the high ($0.6841), NZD leads the pack with
gains of 0.71% against the USD following release of the the RBNZ's sectoral
inflation model which accelerated to a 7-Year high of 1.7% Y/Y in Q2. Channel
top resistance is noted at $0.6855, opening $0.6874 which represents the 50%
retracement of $0.7060-0.6688. NZD holds firm via the crosses, AUDNZD touched
pullback lows of NZ$1.0870 falling just short of the 200-dma at NZ$1.0865.
While, NZDJPY moved through the 100-dma (Y76.72) to Y76.86, before fading. A
hold and close above today can look to challenge the channel top area at Y77.00,
the level is also reported to hold option-linked resistance.

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