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KIWI: NZD/USD has given away a handful of pips and last deals at $0.6197, as the
week has started with a mild risk aversion, with U.S.-China tensions & U.S.
protests in focus. Elsewhere, China's official m'fing PMI unexpectedly slipped
in May, while non-m'fing PMI marginally beat forecasts. As flagged before, New
Zealand observes a public holiday.
- Bears look for a dip below May 22 low of $0.6081, a break here would give them
some fresh momentum. Conversely, bulls see Friday's high at $0.6240 as their
initial target. Above there clears the way to the 200-DMA at $0.6315.
- New Zealand reports building permits and terms of trade index on Tuesday.