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NZD/USD moves into positive territory after....>

KIWI: NZD/USD moves into positive territory after NZ Q2 GDP numbers topped
market consensus, but the reaction is rather contained. Per the release, NZ
economy expanded at the pace of +2.1% Y/Y and +0.5% Q/Q vs. exp. of +2.0% and
+0.4% respectively. The most recent RBNZ MPS estimated these figures to come in
at +2.0% Y/Y and +0.5% Q/Q.
- NZD/USD last trades at $0.6325, a mere 4 pips better off. The technical
picture outlined in the previous Kiwi bullet remains intact.

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