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Kiwi sits at the bottom of the G10 pile,.......>

KIWI
KIWI: Kiwi sits at the bottom of the G10 pile, with NZD/USD last dealing at
$0.6748 after dropping 28 pips overnight, hovering just above session lows as we
head towards London hours. NZD came under pressure from a soft REINZ house sales
print released ahead of the Asia trade, as well as global trade worries linked
to China's tech giants. Also talk of some modest NZ funding pressure around the
upcoming NZ holiday. 
- The 21-DMA at $0.6746 is now in focus, after the rate briefly looked below
overnight. A clean fall through that level would bring the 100-DMA at $0.6687
into view. On the topside, initial resistance is located at $0.6796, which
represents the 50-DMA, ahead of yesterday's high of $0.6831. 
- BusinessNZ m'fing PMI hits tomorrow, while domestic CPI headlines next week's
NZ docket.

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