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NZDUSD outperformed overnight and extended.....>

KIWI
KIWI: NZDUSD outperformed overnight and extended gains through $0.6900 after S&P
affirmed NZ at AA, lifting its outlook to positive from stable. Broad-based
dollar sales were also attributed to the move which saw the rate touch $0.6924,
its highest level since early December. Near-term resistance is seen at $0.6932
which represents the long-term 50% retracement of $0.7438-0.6425, a break opens
the Dec 4 high at $0.6970. NZDJPY traded above the 100 & 200-dma's
(Y75.09/75.23) to Y75.41, before fading. This area also holds the medium term
50% retracement level of Y78.86-69.14 and will be key at the close. AUDNZD
briefly traded back under NZ$1.05 with downside focus on the Jan 29 low at
NZ$1.0451. 

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