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NZD/USD last $0.6874, ~25 pips away from.......>

KIWI
KIWI: NZD/USD last $0.6874, ~25 pips away from session lows, having struggled
overnight on the back of broader risk aversion triggered by Canada's detention
of Huawei CFO with the U.S. seeking her extradition. 
- Worth noting that Fonterra revised its 2018/19 forecast Farmgate Milk Price
range from $6.25-$6.50 per kgMS to $6.00-$6.30 per kgMS, many expected a
downgrade at today's announcement. 
- Bears eye the 200-DMA at $0.6859 and a fall through that level would open up
the 21-DMA at $0.6825. On the upside, initial focus falls on yesterday's highs
of $0.6944. A break above would allow bulls to target Tuesday's highs of
$0.6970. 
- NZ docket for the remainder of this week is virtually empty, but broader risk
themes remain a factor to watch.

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