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NZD remains top of G10 benefitting from the....>

KIWI
KIWI: NZD remains top of G10 benefitting from the overnight release of strong
trade data which saw the headline number beat expectations and solid growth for
both imports/exports. NZDUSD registering gains for a 7th consecutive session,
rallied to $0.6653 before fading. Near-term resistance is seen at $0.6680/85
which has produced a series of previous highs, above here opens a run at the 100
& 200-dma's at $0.6700/11.
- AUDNZD touched multi-month lows of NZ$1.0462, near-term support at
NZ$1.0452-54 from a series of previous highs.
- NZDCAD rallied to C$0.8770 before stalling ahead of the 21-dma (C$0.8776).
Bulls target a break above C$0.88, before challenging down trendline resistance
off the Mar 25 high & 50-dma at C$0.8822/30.
- Focus turns to the RBNZ tomorrow morning (0200GMT), no changes are expected to
the cash rate with most analysts calling for an easing bias and 25 bps cut to
the OCR in August. 

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