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NZD/USD advanced Monday as the Antipodeans.....>

KIWI
KIWI: NZD/USD advanced Monday as the Antipodeans picked up a bid, while the
greenback was one of the worst performers in the G10 basket. As a result, the
pair completed a bullish engulfing candlestick formation, signalling that 
- NZD/USD last deals at $0.6485, a touch higher on the day. Bulls look to take
out Jun 16 high of $0.6507 before taking aim at Jun 10 high of $0.6584. Bears
need a fall through Monday's low of $0.6377 before targeting the 200-DMA/23.6%
retracement of the Mar 19 - Jun 10 rally at $0.6323/21.
- Worth mentioning that in Q2 Westpac McDermott Miller Employment Confidence
Index tumbled to 87.3 from 100.2 seen in Q1, with the biggest hit coming from a
sub-index reflecting perceptions about current job opportunities.
- The RBNZ deliver their monetary policy decision tomorrow. NZ trade balance
hits the wires on Thursday, while ANZ Consumer Confidence comes out on Friday.

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