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NZD/USD has picked up a bid on the back of.....>

KIWI
KIWI: NZD/USD has picked up a bid on the back of comments from RBNZ Assistant
Gov Hawkesby, who said that "our central view is that New Zealand's interest
rates will remain broadly around current levels for the foreseeable future,"
adding that the RBNZ still has "room to provide conventional monetary stimulus
if required." The rate last deals at $0.6633, 25 pips better off.
- Thanks to the aforementioned comments, NZD/USD has breached yesterday's
high/upper 1.0% 10-DMA envelope at $0.6620/21, which shifts bullish focus to the
50-DMA at $0.6641. Above here opens the May 3 high of $0.6653.

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