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KIWI: NZDUSD has operated in a tight range and last trades around unchanged
levels at 0.7265. The 21-DMA is proving something of a stumbling block with the
failure to gain traction above leaving the pair looking a little heavy. The
$0.7219 support is key today with bears needing a close below to shift initial
focus back to the 200-DMA at 0.7219.
- Next week holds plenty of domestic risk events for the NZD with Q$ GDP input
data, culminating in the GDP release itself.