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NZD/USD has slipped this morning, as...........>

KIWI
KIWI: NZD/USD has slipped this morning, as commodity-tied FX are weighed on by
wider risk aversion, linked to the resurgence of coronavirus in several
locations around the world, political headwinds for U.S. Pres Trump and the
publication of the details of China's HK security bill.
- The pair last trades at $0.6393, 14 pips worse off. It has already tested the
water below $0.6381, the low of Jun 15 & near-term support. A clean break here
would turn bearish focus to the 200-DMA/23.6% retracement of the Mar 19 - Jun 10
rally at $0.6322/21. Bulls need a clearance of Jun 16 peak at $0.6507 to bring
Jun 10 high of $0.6584 into view.
- New Zealand's credit card spending hits the wires today, trade balance comes
out Thursday and ANZ Consumer Confidence Survey is due Friday. The RBNZ will
deliver its monetary policy decision on Wednesday.

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