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NZDUSD managed to hold Monday's lows...........>

KIWI: NZDUSD managed to hold Monday's lows yesterday allowing bulls to take
control, with the pair trading at 0.6490 as the Sep 11 low of 0.6500 comes into
- A continued rally would require a hawkish shift by the RBNZ or a reversal in
the Fed's hiking cycle, which we do not expect. The long-term downtrend looks
like it has further to run medium term.
- AUDNZD remains below the 1.1000 level which bulls need to take out to extend
recent Aussie outperformance. 

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