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

KIWI
KIWI: NZD/USD has edged higher and last trades at $0.6885 after slipping 6 pips
Thursday, as the initial strength, noted on the back of a reassuring NZ Q4 GDP
print, was countered by broader USD strength in the London & NY hours.
- This week has seen the rate drifting away from its 21-DMA at $0.6837 and
towards the Jan 2 YTD high of $0.6942, which capped gains yesterday. A clean
break above the upper 1.0% 10-DMA envelope at $0.6925 would shift bullish focus
back to the aforementioned YTD peak. Meanwhile, a return below the 21-DMA would
open up the 50-DMA, located at $0.6823.
- NZ focus next week turns to trade balance due Tuesday, ANZ biz. confidence due
Thursday, as well as ANZ cons. confidence & building permits due Friday.
Elsewhere, the RBNZ will deliver its MonPol decision on Wednesday.

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