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NZDUSD closed below the 200-dma yesterday......>

KIWI
KIWI: NZDUSD closed below the 200-dma yesterday confirming a failed break. A
combination of global trade worries linked to China's tech giants, soft REINZ
house sales and talk of modest NZ funding pressure around the upcoming NZ
holiday, extended the corrective pullback to $0.6736 in early Europe. Kiwi
technicals have also changed in the last 48 hours from bullish to neutral,
according to the MNI FX Technical Signal Monitor. Bears target the 50%
retracement level of $0.6575-0.6849 at $0.6712, a break opens the 100-dma at
$0.6687. NZDUSD last $0.6739.

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