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NZD outperformed overnight on the back of a....>

KIWI
KIWI: NZD outperformed overnight on the back of a firmer Q4 CPI print and broad
risk-on flows. NZDUSD remains at elevated levels in early Europe, consolidating
above the 200-dma ($0.6772) to register fresh session highs of $0.6790. A break
of the $0.68 handle opens the 23.6% retracement of $0.6425-0.6970 & Jan 15 high
at $0.6841/49. Downside focus remains from the double-bottom support area at
$0.6700/10, ahead of the 100-dma at $0.6694.  

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