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KIWI: NZD/USD holds lower post-FOMC, last $0.6752, with the RBA's latest SoMP
adding some modest pressure to the rate over the last hour or so in spill over
from across the Tasman.
- Having witnessed a 300+ pip rise on the recent uptrend, NZD/USD failed to
consolidate above the NZ$0.6800 level Thursday, suggesting bullish exhaustion
could be setting in (rate did touch RBNZ knee-jerk highs of $0.6814 before
- Bulls continue to look for a close above $0.6800, with bears needing a move
back below the Nov 02 high at $0.6690.