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KIWI: NZD/USD last deals at $0.6761, 21 pips higher on the day, with kiwi atop
the G10 pile. Today Axios cited sources saying that U.S. President Trump's
advisers informally discussed holding a March summit with Chinese President Xi,
which might have triggered modest risk-on flows, benefiting NZD. This comes
after the pair closed 9 pips lower Friday.
- Bulls need to clear the nearby Friday's high of $0.6766 before attempting a
move at $0.6795, which represents the 50-DMA. Meanwhile, initial bearish target
is provided by the 200-DMA at $0.6756, ahead of $0.6730, which limited losses
- All eyes are on the RBNZ, which is set to deliver its MonPol decision
Wednesday, with no change to its OCR exp. Accompanying press conference with
RBNZ Gov Orr will also draw interest.