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NZD/USD trades through Monday's trough at......>

KIWI
KIWI: NZD/USD trades through Monday's trough at $0.6342 to register fresh
multi-year lows, printing as low as $0.6735 in the process. Bears now look for
clean move below the nearby 1.0% 10-DMA envelope/lower Bollinger band (2%) at
$0.6336/31 to open the way lower.
- Little in the way of negative news flow out of New Zealand itself, with RBNZ
Governor Orr offering little fresh in his latest address, although he did go
back over the support that a weaker NZD would provide the NZ economy with.
- Elsewhere, a soft Australian Q2 completed construction work print added some
pressure from across the Tasman.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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