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NZD/USD has already crept 20 pips higher.......>

KIWI
KIWI: NZD/USD has already crept 20 pips higher this morning and last sits at
$0.6527, as Friday's topside momentum remains. As a reminder, the rate finished
the week on the front foot, as a better than expected U.S. NFP report added fuel
to positive risk sentiment.
- In line with last week's announcement from PM Ardern, her Cabinet will
consider moving into lockdown alert 1 today. The move would see many of the
current restrictions on businesses and mobility lifted, after a short transition
period. Pressure is mounting on ministers to relax restrictions as New Zealand
has managed to virtually halt community transmission of Covid-19.
- Bulls look to take out the psychological $0.6600 barrier before targeting Jan
16 high of $0.6665. Conversely, a fall below Mar 9 high of $0.6448 would boost
bearish hopes fur a pullback under the 200-DMA at $0.6319.
- New Zealand reports volume of all buildings today, flash ANZ Business
Confidence on Tuesday, m'fing activity on Wednesday, card spending on Thursday
and BusinessNZ M'fing PMI on Friday.

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