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Kiwi Atop The G10 FX Pile

NZD

The NZD sits atop the G10 FX pile in a session that has been bereft of notable headline flow, with narrow ranges in play across the G10 FX sphere. Perhaps some spill over from the uptick in U.S. equities during the NY session has provided some support for the NZD. NZD/USD has traded as high as $0.6849 and last deals a dozen pips higher, just above the $0.6840 marker. With the Dec 23 high now cleared, bulls turn their attention to the Dec 1 high ($0.6868). The 21-DMA has acted support since it was breached from below on Dec 22. Key support is some way lower, at the YtD low ($0.6702).

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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