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NZD/USD continues to struggle for upside.......>

KIWI
KIWI: NZD/USD continues to struggle for upside momentum, with the rate last
trading 10 or so pips lower at $0.6675.
- Wellington is closed for the Easter holidays, but bears still focus on last
week's low, located at $0.6668. A Break here would bring the January 2 low at
$0.6652 in to focus, with the next level of support below there noted at
$0.6633, which represents the 61.8% retracement of the move from $0.6425 to
$0.6970. The 50% retracement of the same move, at $0.6697, and the psychological
$0.6700 form the initial resistance area.
- Trade & consumer confidence data, due Friday, provide the highlight of the NZ
docket this week.
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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