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NZD/USD advanced in the lead-up to the Fed's...>

KIWI
KIWI: NZD/USD advanced in the lead-up to the Fed's monetary policy decision and
swung both ways in reaction to the Fed's announcement, hitting fresh intraday
highs in the process. It trimmed gains ahead of the close, but still finished
the day on a firmer footing.
- New Zealand reported card spending data his morning, which showed an
above-forecast rebound registered in May.
- The rate last sits -15 pips at $0.6521. A fall below Jun 9 trough at $0.6469
would bring the 200-DMA/23.6% retracement of the Mar 19 - Jun 10 rally at
$0.6322/21 into view. Bulls look to clear yesterday's peak at $0.6584 before
targeting the $0.6600 mark.
- New Zealand's BusinessNZ M'fing PMI & food price index are due tomorrow.

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