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NZDUSD last trades at 0.7360, virtually........>

KIWI
KIWI: NZDUSD last trades at 0.7360, virtually unchanged on the session thus far,
operating in a sub-15 pip range. The IMF's latest Article IV on NZ noted that it
sees NZ growth remaining around 3.0% (although it did highlight downside risks
over the medium term), with the Fund believing that the RBNZ's MonPol is
appropriately expansionary.
- The pair's recovery from the April 06 low (0.7241) has resulted in focus
returning to the 2018 highs (0.7438). The Bollinger top (0.7401) is the key
concern for bulls. Bears need a close below the high from April 06 (0.7324) to
ease bullish pressure. 
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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