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NZD was the marginal outperformer, aided by....>

KIWI
KIWI: NZD was the marginal outperformer, aided by a modest acceleration in the
latest BusinessNZ Manufacturing PMI release, and the ensuing AUD/NZD sales.
- NZD ignored the latest round of Chinese activity data, with NZD/USD last
dealing at $0.6585.
- NZD/USD 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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