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NZD/USD last seen at $0.6823, almost unch......>

KIWI
KIWI: NZD/USD last seen at $0.6823, almost unch. on the day, after finishing
nearly 20 pips higher Monday. The rate touched best levels around the Asia-Pac
open, after an early bid was generated by weekend reports re: the U.S. and China
nearing a trade deal. However, growing scepticism surrounding the reports
weighed throughout European & NY hours.
- NY trade saw a modest bounce, as the USD came under pressure from reports re:
the US House Judiciary Committee, which opened the next stage of its probe into
U.S. President Trump's dealings.
- Initial resistance noted at $0.6833, which capped gains yesterday, ahead of
the Feb 28 high, situated a further 20 pips above. Meanwhile, bears keep an eye
on the 50-DMA/55-DMA at $0.6797/92.
- NZ focus this week falls on NZ Q4 manufacturing data due Friday. Chinese
Caixin services & composite PMI data due later today, as well as China's annual
2 sessions meeting, will also provide interest.

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