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NZD/USD last deals at $0.6848, 24 pips above...>

KIWI
KIWI: NZD/USD last deals at $0.6848, 24 pips above yesterday's close.
- NZD outperformed its G10 peers from off, as NZ BusinessNZ manufacturing PMI
ticked higher.
- Kiwi then drew further support from positive risk sentiment, as well as the
yuan's recovery vs. USD on the back of a move higher in Chinese equities,
perhaps stemming from Chinese fiscal matters.
- The upper 1.0% 10-DMA envelope at $0.6884 continues to provide the initial
layer of resistance. Conversely, bears look for a return below the 21-DMA at
$0.6833, breached overnight, which would allow them to set their sights on
$0.6814, which represents the 50-DMA.
- NZ docket next week is headlined by domestic GDP, which comes out on Thursday.
Before that, Q4 current account data will hit on Wednesday.

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