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NZD/USD has held yesterday's gains and last....>

KIWI
KIWI: NZD/USD has held yesterday's gains and last deals at $0.6864, 18 pips on
the day, as positive signals re: global trade have lent support. This occurs
after the rate jumped almost 80 pips yesterday, with NZD being the standout
performer among the G10 currencies. Kiwi's rally was underpinned by stronger
than expected ANZ biz. confidence & outlook figures. 
- Bulls need to retake yesterday's high/Dec 13 high at $0.6880 before
challenging the Dec 12 high at $0.6900. Conversely, bears eye the 21-DMA at
$0.6851 and a slip through that level would allow them to target the 200-DMA at
$0.6839 
- NZ focus turns to trade balance & GDP due Thursday.

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