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NZD outperformed on extended react to the......>

KIWI
KIWI: NZD outperformed on extended react to the strong NZ labour report
overnight. A sharp fall in the headline unemployment rate & gains in AHE,
employment change & the participation rate saw NZDUSD spike through $0.6700 to
$0.6779, its highest level in three months. Minor pullback off the high eased at
the European crossover, last $0.6758. Resistance remains at $0.6769/79 (38.2%
retracement of $0.8836-0.6130, Intraday high), option-related supply is reported
behind ahead of $0.6800 ($0.6798 - Aug 2 high). AUDNZD took out the 200-dma,
extending its corrective pullback to NZ$1.0716, before stalling around support
from the Jun 22 low (NZ$1.0711). Bears target a break of the NZ$1.07 level,
before focusing on the Jun 19 low & 76.4% retracement of 2018 range at
NZ$1.0659/50. NZDJPY breached down trendline resistance off the Feb highs &
200-dma to print highs of Y76.73. Next resistance is seen at Y76.86 (Jul 17
high), expect resistance behind ahead of Y77.00. 

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