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FX Bank Trade Ideas Citi - Sell NZDUSD........>

FOREX
FOREX: FX Bank Trade Ideas
Citi - Sell NZDUSD $0.6660, target $0.6450, stop loss at $0.6750.
Data and policy divergence should remain USD supportive: While much of the
recent focus has been on politics, US data flow has continued to outpace that
elsewhere and this is supporting divergence between the Fed and other central
banks. Data and events this week look more likely to support than undermine this
narrative since the likelihood is for further strong readings from indicators
including the services ISM. Fed rhetoric should support the view that
policymakers remain on course for steady tightening.
NZDUSD an attractive vehicle for USD longs: NZD should be an attractive vehicle
against which to buy USD, because there is scope for NZD-negative disappointment
on the RBNZ decision.

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