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NZD outperforms and remains top of the G10.....>

KIWI
KIWI: NZD outperforms and remains top of the G10 pile with gains of 0.65%
against the dollar. A broadly weaker USD amid the backdrop of renewed trade
optimism took the kiwi through the 200-dma & 0.68 level to extended session
highs of $0.6831. Next resistance is seen from the Dec 18 high at $0.6880, a
break opens $0.6931 which represents the 50% retracement of 2018 range. NZDJPY
made a show above Y74.00 with bulls targeting the 100-dma & Dec 27 high at
Y74.97/98. EURNZD breached channel base support, extending the downtrend to
NZ$1.6878. A break of the Jan 3 low at NZ$1.6842, opens the 50% retracement
level & Dec 20 low at NZ$1.6790/82.   

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