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NZD/USD has shed 15 pips overnight and deals...>

KIWI
KIWI: NZD/USD has shed 15 pips overnight and deals at $0.6599, struggling to
return above the $0.6600 mark despite moving away from lows.
- The rate took a hit from a softer biz. sentiment in NZ revealed by the latest
ANZ survey. Headline biz. conf. index printed at -44.3 vs. the prior -38.1.
- The impact of the release might have been magnified by the upcoming RBNZ
monetary policy meeting, scheduled for next week.
- BNZ called the ANZ biz. conf. survey "miserable" and boosted their RBNZ easing
call. They now exp. the MPC to trim the OCR by 25bps next week and again in Nov.
- NZ Ministry of Business, Innovation and Employment said that they will
discontinue monthly job ads reports, replacing them with quarterly publications.
- Bears target the lower Bollinger band (2%) at $0.6570, a break below would
support their case, suggesting potential for extending the recent downtrend.
Bulls look to retake the nearest round figure and the channel
support-turned-resistance at $0.6606. Above would open the 50-DMA at $0.6627.
- Tomorrow, another ANZ survey will provide insight into NZ consumer sentiment.
Also tomorrow, China's Caixin m'fing PMI will be watched.

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