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NZD/USD last deals at $0.6719, virtually.......>

KIWI: NZD/USD last deals at $0.6719, virtually unchanged on the day.
- RBNZ Dep Gov Bascand spoke earlier today, stating that more policy easing in
loan-to-value ratios "is possible if risks decline." He also said that the
proposed revision to capital requirements may mean that "macro-prudential tools
may need to be used less actively."
- Friday saw the pair finish 18 pips better off, as the kiwi extended its recent
run higher, encouraged by global trade optimism.
- Worth noting Friday's rally allowed NZD/USD to clear the double-bottom
neckline and close above the 100-DMA & 200-DMA, located at $0.6698 & $0.6711
respectively. Bulls look for a further advance through $0.6764, which represents
the 61.8% fibo retracement of the decline from $0.6939 to the YtD low. Bears
look for a dip through the aforementioned DMAs, with 100-DMA coinciding today
with the upper 1.0% 10-DMA envelope.
- NZ building permits come out tomorrow, with QV house price index due to follow
on Wednesday. Moreover, NZ Tsy will publish its monthly econ indicators for June
later today.

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