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NZD/USD benefitted from the pullback in the....>

KIWI
KIWI: NZD/USD benefitted from the pullback in the USD on Tuesday, as well as the
positive rhetoric surrounding U.S.-China trade matters, with the rate extending
to highs of $0.6776 in early Asia-Pacific hours as risk garnered a bid from the
positive take on the latest round of Brexit headlines, before the greenback
regained some poise.
- Rate last $0.6765, bulls ultimately need to reclaim $0.6800, as they continue
to look for a close above the figure, while bears look for a close back below
the Nov 2 high at $0.6690.
- The NZ docket is relatively thin this week, so flow may be driven by broader
risk sentiment & major economic releases from Australia.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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