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Kiwi largely shrugged off the downward.........>

KIWI: Kiwi largely shrugged off the downward revision to its budget surplus
forecast overnight with the pair registering modest gains to $0.6527 ahead of
the European open. Bulls need to clear the $0.6555/60 area which has registered
a series of highs May 27-28 & the 21-dma.
- AUDNZD extends to NZ$1.0628 and rests on the 200-dma, a level not closed above
since mid-April.
- EURNZD eases to NZ$1.7066 and rests on its short-term channel base, downside
focus remains on a break of the double-bottom support area at NZ$1.7050.

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