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NZD/USD last $0.6813, adding ~25 pips in the...>

KIWI
KIWI: NZD/USD last $0.6813, adding ~25 pips in the Asia-Pacific session, which
saw the Kiwi recouping nearly half of yesterday's slip triggered by the
spillover from RBA Gov. Lowe's rhetoric and an unexpected softening in prices at
the latest GDT dairy auction. 
- This came despite an initial downtick on the back of hawkish trade comments
from USTR Lighthizer re: China. NZD has now replaced its counterpart from across
the Tasman as the G10's overnight leader as risk assets recovered from worst
levels overnight. 
- Bulls see the rate testing nearby resistance at the Nov 7 high of $0.6814 and
a clean break above would open up $0.6870, where the rate peaked Tuesday.
Meanwhile, bears eye yesterday's low at $0.6789 before targeting the Nov 14 low
at $0.6756. 
- Limited NZ docket for the remainder of the week so focus set to fall on
broader risk appetite & AUD/NZD flows.

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