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NZD/USD last deals at $0.6854, near the........>

KIWI
KIWI: NZD/USD last deals at $0.6854, near the opening levels, after adding just
2 pips Tuesday.
- On Tuesday, NZD underperformed from off, weighed on by a soft NZ Westpac
consumer confidence print, but managed to recover through the Asia-Pac session.
NZD/USD then moved higher in the European hours, before easing off, as BBG
sources said that China is pushing back on some U.S. demands, even with U.S.
President Trump striking a positive tone re: bilateral trade talks.
- NZ Q4 current account data, released earlier today, revealed that the NZ c/a
deficit widened to 3.7% from the prior 3.6%, albeit less than exp. Little to no
immediate impact on NZD price action was noted.
- Bulls look for a break above the $0.6871-74 region, which capped gains
yesterday and on Monday, before challenging the upper 1.0% 10-DMA envelope at
$0.6902. On the downside, bears look to the 21-DMA at $0.6831 and a breach of
that level would bring the 50-DMA at $0.6820 into play.
- NZ focus turns to domestic Q4 GDP figures due tomorrow.

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