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(U2) Eyeing The 20-Day EMA


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KIWI: NZD/USD trades a touch higher on the day, at $0.6809, after drifting 6
pips to the north & closing above the key $0.68 level yesterday. 
- Bulls keep an eye on yesterday's peak at $0.6818 and a move through that level
would allow them to target the 200-DMA/21-DMA at $0.6841/45. On the downside,
bears look to yesterday's low at $0.6785 and a fall below would open up the
50-DMA at $0.6716. 
- NZ economic releases this week include ANZ biz. conf. due Wednesday, as well
as domestic GDP and trade balance due Thursday.

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