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KIWI: NZD/USD has drawn modest support from dovish remarks made by Fed Governor
Clarida in Asia-Pacific hours. Rate last deals 10 or so pips higher at $0.6791
after operating in an extremely narrow range on Thursday.
- NZD ignored soft NZ building permits data released earlier.
- Bears target Wednesday's low of $0.6722, while the next layer of support below
located at the 100-DMA at $0.6683. Conversely, the topside focus falls on the
200-DMA at $0.6795. A jump above would open up Wednesday's high of $0.6809.
- There is a lack of tier 1 data apparent in NZ over the next week.