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NZD/USD shed 8 pips overnight and last deals...>

KIWI
KIWI: NZD/USD shed 8 pips overnight and last deals at $0.6724, as NZD was
modestly weighed on by a Globe & Mail story re: the U.S. preparing to proceed
with the extradition of Huawei CFO Meng from Canada. 
- No apparent reaction noted upon the release of NZ Dec services PMI, which saw
the index slow to 53.0 from 53.4. 
- Familiar technical levels remain in play, with bears keeping an eye on
yesterday's low/1.0% 10-DMA envelope at $0.6714/10. A break below would open up
the the psychological $0.6700 level, followed by the 100-DMA at $0.6692. On the
topside, initial focus falls on yesterday's high of $0.6764 and the next layer
of resistance is provided by the 200-DMA at $0.6775. 
- NZ focus this week turns to domestic CPI figures due tomorrow (Tuesday evening
GMT), but any developments in Sino-U.S. trade relations will also be of
interest.

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