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NZD/USD last sits a touch lower at $0.6760,....>

KIWI
KIWI: NZD/USD last sits a touch lower at $0.6760, after a pretty positive week,
which saw it advance 71 pips.
- That being said, after touching last week's high of $0.6791 early into
Friday's Asia-Pac session, the rate declined on the back of growing USD
strength. The greenback was bolstered by a statement from NY Fed downplaying
earlier comments from its Pres Williams, which were widely read as dovish, and a
WSJ story which poured called water on aggressive FOMC easing bets. NZD/USD
closed 19 pips lower on the day at $0.6764, which represents the 61.8% fibo
retracement of the slide from $0.6939 to $0.6482.
- Bears eye a fall below the 200-DMA, which comes in at $0.6722. Conversely,
bulls need a clean break above the aforementioned Fibonacci retracement before
challenging the round figure of $0.6800.
- NZ trade balance figures are expected on Wednesday; no RBNZ speakers figure on
the docket this week.

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