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NZD/USD has softened a touch, last trades -9...>

KIWI
KIWI: NZD/USD has softened a touch, last trades -9 pips at $0.6655. The rate is
limited by heightened tensions in the Middle East, after the killing of top
Iranian general Soleimani in a U.S. drone strike on Friday its fallout.
- The U.S. attack inspired a sell-off in NZD/USD on Friday as participants shied
away from riskier assets.
- Bears would be pleased by a drop below the 23.6% retracement of the Oct 1 -
Dec 31 bull market at $0.6626. A break here would clear the way to the Dec 18
low of $0.6554. Meanwhile, a jump onto the $0.6700 handle would return the focus
to the Dec 31 high of $0.6756.
- NZ data releases this week include QV house prices (Wednesday) and ANZ
commodity price index (Thursday). Today's publication of China's Caixin services
& composite PMIs, as well as Thursday's release of China's inflation data will
provide some interest. Also, there is a GDT auction coming up on Tuesday.

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