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NZD/USD slipped Friday, with the move driven...>

KIWI
KIWI: NZD/USD slipped Friday, with the move driven by USD appreciation rather
than any drivers on the NZ side of the equation. Strong U.S. housing starts
reading aided a lift in DXY. The Asia-Pacific session saw an uptick amid
reported AUD/NZD sales, but the move was faded in the European morning.
- NZD/USD last trades at $0.6619, little changed on the day. As a reminder,
Wellington observes a regional holiday today (Auckland is off next Monday).
- The psychological $0.6600 barrier remains in focus, after limiting losses on
Jan 9. The low of Jan 15 at $0.6584 provides the next bearish target below.
Conversely, bulls want to see a jump above the Jan 16 peak at $0.6665 before
taking aim at the Jan 6 high of $0.6680.
- NZ data highlights this week include CPI and credit card spending, due Friday.
There is a GDT auction coming up on Tuesday.

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