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Lower For Third Session


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NZD/USD has punched through resistance from Jul 15 high of $0.7045 as updates to sell-side RBNZ views in reaction to New Zealand's latest labour market report have started to trickle through. The rate last trades +30 pips at $0.7047. The descending 50-DMA at $0.7055 provides the next topside target and a break here would give bulls a green light for targeting Jul 6 high of $0.7105.