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NZD/USD dropped 5 pips in the Asia-Pac.........>

KIWI
KIWI: NZD/USD dropped 5 pips in the Asia-Pac session and last trades at $0.6783,
but off of intraday lows at $0.6771 hit on the back of disappointment with a
lack of substantial progress re: Sino-U.S. trade relations. Kiwi underperforms
all of its G10 peers but CAD at writing. 
- Bears target yesterday's low of $0.6722, while the next layer of support below
located at the 100-DMA at $0.6682. Conversely, the topside focus falls on the
200-DMA at $0.6797 after the rate peaked 3 pips shy of that level. A jump above
would open up yesterday's high of $0.6809. 
- NZ building permits data comes out Friday.

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