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NZD/USD last seen at $0.6845, a touch lower....>

KIWI
KIWI: NZD/USD last seen at $0.6845, a touch lower on the day. The rate edged
higher in early Asia-Pac hours, as the impact of Fonterra's decision to revise
its milk price forecast up, which came ahead of the session, continued to
provide some modest support. This occurred before a softer NZ ANZ business
confidence print sent kiwi to the bottom of the G10 pile, while softer then exp.
Chinese PMI figures added further pressure to the currency. However, NZD/USD
subsequently managed to recover to almost unchanged levels.
- Bears look to the 21-DMA, situated at $0.6835, and a break below would allow
them to set their sights on the 50-DMA & 55-DMA, both at $0.6793. Conversely,
bulls need to retake Wednesday's high of $0.6902 to gain some upside momentum.
- The NZ economic docket is empty tomorrow, but Chinese Caixin m'fing PMI will
provide some interest.

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