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NZD/USD shed 15 pips in the Asia-Pac...........>

KIWI
KIWI: NZD/USD shed 15 pips in the Asia-Pac session, with kiwi landing at the
bottom of the G10 pile. NZD was initially weighed on by a slightly softer than
exp. Australian Q4 Q/Q wage price index, which printed at 0.5% vs. exp. & prev.
0.6%. Broader yuan strength provided a brief respite to the pair, before it
ebbed lower again.
- Bears keep an eye on the 21-DMA at $0.6828, which comes ahead of $0.6815,
where the rate bottomed yesterday. Conversely, bulls look to the upper 1.0%
10-DMA envelope at $0.6874, breached overnight. A return above that level would
put the spotlight on yesterday's peak at $0.6888.

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