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NZD/USD last deals 15 pips lower on the day....>

KIWI
KIWI: NZD/USD last deals 15 pips lower on the day at $0.6678,sitting just above
the 100-DMA located at $0.6677.
- The soft U.S. ISM print allowed NZD/USD to extend further away from its flash
crash lows on Thursday, as the rate added 40 or so pips on the day, against a
backdrop of broader USD weakness.
- The aforementioned 100-DMA provides the initial line of support, with any
break allowing bears to target the flash crash low at $0.6575, ahead of the
November 2018 low at $0.6515. The close above the aforementioned 100-DMA will
please bulls who now look to $0.6700 and the Jan 03 high at $0.6723.
- The NZ docket is relatively limited over the next week, with building permits
data providing the most interest.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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