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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.
- The rate extended to highs of $0.6783 overnight, on the positive take on the
latest round of Brexit headlines, before the greenback regained some poise,
leaving the cross at $0.6778 heading into London hours.
- 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, namely the AU labour
market report due tomorrow.
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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