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NZD/USD last deals at $0.6731, slid 28 pips....>

KIWI
KIWI: NZD/USD last deals at $0.6731, slid 28 pips in reaction to the RBNZ's
confirmation that they are revisiting their unconventional policy strategy amid
record-low interest rates, with the work still being "at a very early stage."
The aforementioned comments were released in response to an Official Information
Act request and the Bank declined to share further details.
- Meanwhile, USD strengthened somewhat, drawing support from a Rep-Dem deal re:
spending caps (still has to get a thumbs-up in the Congress), with traders also
pointing to positioning ahead of the upcoming ECB MonPol decision.
- The 200-DMA at $0.6723 remains in focus, breach to the downside would expose
$0.6710, which represents the 50% retracement of the fall from $0.6939 to the
YtD low of $0.6482. Conversely, bulls look to the 61.8% retracement of the
aforementioned range, located at $0.6764, where the rate closed on Friday.
- Tomorrow's publication of NZ trade balance is noteworthy.

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