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KIWI: NZD/USD meandered Wednesday as participants weighed familiar risk signals.
The pair was range-bound and finished the day just a handful of pips higher.
- Just in case you missed it, New Zealand's Trade Minister Parker confirmed
yesterday that his country has formally started talks on a free-trade agreement
with the UK. The UK later published its negotiating objectives.
- NZD/USD sits +9 pips at $0.6467. Bulls look for a rally above Jun 16 high of
$0.6507, towards Jun 10 high of $0.6584, as they watch the 50-DMA threaten to
cross above the 100-DMA. Meanwhile, a dip through Jun 15 low of $0.6381 would
bring the 200-DMA at $0.6322 into play.
- Eyes are on New Zealand's Q1 GDP figures, to be released shortly.