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NZD/USD is little changed, last trades at......>

KIWI
KIWI: NZD/USD is little changed, last trades at $0.6464. New Zealand's Tsy will
release its monthly update on local economic indicators shortly. Statistics NZ
published monthly employment indicators for Dec; filled jobs rose for the fifth
straight month. Elsewhere, all eyes are on China, which returns from its
elongated LNY holidays.
- The rate slid alongside riskier assets on Friday, showing at levels not seen
in some two months. Prolonged worry re: China's coronavirus continued to weigh
on high-beta FX.
- Should the rate sink below Friday's trough located at $0.6454, bears would be
encouraged to take aim at the 61.8% retracement of the Oct 1 - Dec 31 rally at
$0.6415. Bulls look for a bounce off the $0.6468 100-DMA towards the 200-DMA,
which intersects at $0.6508.
- Looking into the local docket for this week, we have building permits & a GDT
auction coming up on Tuesday (the latter in the London afternoon), as well as
labour mkt report due Wednesday. China's Caixin M'fing (today) & Services
(Wednesday) PMIs will also provide interest.

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