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NZD/USD has shed a handful of pips and last....>

KIWI
KIWI: NZD/USD has shed a handful of pips and last trades at $0.6128.
Cross-currents from across the ditch (previously highlighted Sino-Aussie
tensions) may be limiting the kiwi this morning, while U.S. equity index futures
are headed lower. NZD/USD sits -6 pips at $0.6131.
- It is worth reminding that NZ gov't will decide today whether the country will
lower its alert level to 2 after two weeks under level 3 restrictions.
- Bears keep an eye on the 50-DMA, which intersects at $0.6032 and a break here
would open up May 7 low of $0.5995. Bulls need a break above Apr 30 high of
$0.6176 to reinstate the uptrend.
- On the data front, New Zealand's card spending data and flash ANZ Business
Confidence Survey headline today's docket, with BusinessNZ M'fing PMI coming up
on Friday. The RBNZ delivers its monetary policy decision on Wednesday.

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