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NZD/USD has edged higher and last deals at.....>

KIWI
KIWI: NZD/USD has edged higher and last deals at $0.6741, ahead of the RBNZ's
MonPol decision due at 0100GMT and a press conference with RBNZ Gov Orr an hour
later. The Bank is exp. to stand pat, but any surrounding rhetoric re: downside
risks to global growth will draw interest. For our comprehensive RBNZ preview
visit https://emedia.marketnews.com/RBNZ_Preview_-_110219.pdf
- The pair finished almost flat Tuesday and stuck to a ~25 pip range. Some kiwi
weakness was noted in yesterday's Asia-Pacific session, likely owing to pressure
from AUD/NZD flows, amidst a recovery in risk appetite. 
- Bulls need a clean break above Tuesday's peak at $0.6744 before challenging
the 200-DMA at $0.6753. A jump above the latter level would bring the 50-DMA at
$0.6787 into play. Meanwhile, bears look for a fall below $0.6727, which
represents the 100-DMA, before shifting focus to Tuesday's low of $0.6720. 
- Besides the aforementioned RBNZ policy decision, the ongoing Sino-U.S. trade
talks will also be closely watched, with ministerial level negotiations
scheduled for Thursday & Friday.

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