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NZD took a hit as the RBNZ's 2-year............>

KIWI
KIWI: NZD took a hit as the RBNZ's 2-year inflation expectation fell to +1.86%
Y/Y from +2.01%. NZD/USD dropped ~35 pips in the initial reaction before
promptly erasing most of those losses.
- NZD/USD last deals at $0.6549, 21 pips higher on the day. Bears look for a dip
through the lower 1.0% 10-DMA envelope at $0.6532, which would clear the way to
the psychological $0.6500 barrier. Meanwhile, a recovery of &0.6559, which marks
the highs of May 27 & 28, would bring into play the $0.6600 level, which
coincides with the 61.8% fibo retracement of the $0.6482-$0.6791 move.

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