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NZD/USD last trades at $0.6550, a touch........>

KIWI
KIWI: NZD/USD last trades at $0.6550, a touch higher on the day, after finishing
8 pips worse off Monday, as the pair was modestly weighed on by USD demand.
- A downside breach of $0.6514/13, where the rate posted lows on May 17 & May 14
respectively, would expose the downtrend resistance-turned support, which kicks
in at $0.6503. On the topside, the 21-DMA at $0.6572 draws the initial attention
and a break here would open $0.6600.
- The RBNZ will publish its Financial Stability Report tomorrow, which will be
followed by a presser with RBNZ Gov Orr, as well as the latter's parliamentary
testimony. On Friday, FinMin Robertson will deliver the gov't's budget, ahead of
his Saturday's post-budget speech.
- On the data front, ANZ business confidence comes out tomorrow, while building
permits are due on Thursday.

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