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NZD/USD was boosted by the softer than exp.....>

KIWI
KIWI: NZD/USD was boosted by the softer than exp. U.S. CPI release on Thursday,
although the move was relatively short lived after the rate failed to breach
$0.6600, topping out at $0.6590. Rate last deals at ~$0.6570.
- Support is noted at the YTD low ($0.6501), intertwined with touted option
linked support at $0.6500. A break here is likely to accelerate the move to
$0.6462 (February 02 2016 low), ahead of the 2016 lows ($0.6348). Resistance is
located around $0.6640.
- Domestic focus now moves to next week's NZ GDP release and Q3 Westpac Consumer
Conf. survey.
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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