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NZD/USD has edged higher in early Asia-Pac.....>

KIWI
KIWI: NZD/USD has edged higher in early Asia-Pac dealing and last trades at
$0.6820. Worth mentioning today NZ gov't released its 5-month (to Nov 30)
financial statements indicating a budget surplus of NZ$261mn against a NZ$88mn
deficit forecast on the back of higher tax revenue & limited spending. However,
no substantial impact on price action has been noted thus far. 
- This comes after NZD/USD dropped 5 pips Tuesday, despite ascending to intraday
high at $0.6849 in the Asia-Pacific session, drawing support from a broader
risk-on theme & fiscal stimulus in China, while the PBoC pledged to be more
flexible in the implementation of its prudent MonPol. 
- Bears need a break below the $0.6800 figure, where the pair bottomed
yesterday, before attempting a move through a series of DMAs at $0.6797
(50-DMA), $0.6788 (55-DMA) & $0.6787 (200-DMA). Conversely, bulls look for a
break above yesterday's high in search of some upside momentum. 
- REINZ house sales data is due tomorrow, while BusinessNZ m'fing PMI hits
Friday. Domestic CPI will headline the NZ docket next week.

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