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NZD/USD has benefitted from the broader USD....>

KIWI
KIWI: NZD/USD has benefitted from the broader USD weakness, last printing 10
pips or so better off at ~$0.6820.
- The cross last deals pretty much bang on the high from July 20 (0.6818), and
bulls now look to the July 17 high ($0.6841), while support is noted at hourly
resistance from July 20 ($0.6770).
- NZ traders look to the trade balance release & ANZ consumer confidence survey
as the major domestic flash points this week, and will also focus on AU CPI data
& cues from the AUD/NZD cross.
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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