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NZD/USD lost altitude yesterday, on the back...>

KIWI
KIWI: NZD/USD lost altitude yesterday, on the back of broader USD purchases, and
the rate fully erased Friday's gains. PM Ardern announced the awaited decision
re: lockdown easing, informing that the nation will begin a phased re-opening of
domestic economy on May 14.
- The rate sits -8 pips at $0.6073. A fall below the 50-DMA at $0.6026 would
clear the way to May 7 low of $0.5995. On the topside, a clearance of Apr 30
high of $0.6176 is needed to reinstate the uptrend.
- As a reminder, the RBNZ delivers its monetary policy decision tomorrow, which
will be followed by a couple of appearances from RBNZ Gov Orr one hour after the
announcement (presser) and the day after (select committee).
- On the data front, New Zealand's BusinessNZ M'fing PMI comes out on Friday.

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