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New Zealand Returns From Holidays, Familiar Drivers In Focus

NZD

NZD/USD gave up modest gains it registered into Monday's London morning, as deepening lockdowns in Europe & jitters ahead of Georgia runoff Senate elections unnerved markets. The rate dipped into negative territory and remained there for the remainder of the day.

  • NZ is back from New Year's holidays and NZD/USD trades at $0.7174, little changed as we type. A move through Dec 28 low of $0.7084 would open up Dec 21 low/round figure of $0.7003/00. Bulls need a jump above Dec 31 high of $0.7241 to regain impetus and bring the upper 3.0% Bollinger band at $0.7263 into view.
  • New Zealand's CoreLogic House Price Index hits the wires today.

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