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NZD/USD last deals at $0.6764, barely..........>

KIWI
KIWI: NZD/USD last deals at $0.6764, barely changed on the day.
- Monday's Asia-Pac session saw the pair advance to its intraday peak at $0.6783
post-Tokyo fix, with the move inspired by a strong showing from regional
equities and a RTRS source story suggesting that the U.S. "tempered demands that
China curb industrial subsidies as a condition for a trade deal after strong
resistance from Beijing." However, NZD/USD failed to hold gains and slid into
negative territory in the London morning. A modest recovery towards the end of
the day allowed it to finish unchanged.
- Bulls continue to target the the psychological $0.6800 level, which provided a
layer of technical resistance on Apr 3 & Apr 4. break above would open up the
100-DMA/50-DMA at $0.6807/10. Conversely, the 200-DMA at $0.6733 continues to
draw bearish attention, while a move through that level would shift the downside
focus to Friday's monthly low of $0.6714.
- Domestic CPI data, due Wednesday, provides the focal point of this week in New
Zealand. Later on Wednesday, China will release its GDP, retail sales,
industrial output, and unemployment figures.

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