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NZDUSD's failure to hit a new high yesterday...>

KIWI
KIWI: NZDUSD's failure to hit a new high yesterday in spite of the recovery in
global risk appetite and surge in the yuan is a bearish signal which keeps the
focus lower. 
- The 0.6608/09 level will be key for the bulls to overcome to prevent the
downtrend from continuing and potentially accelerating.
- The NZ-US 10-year yield spread continued to decline supporting further kiwi
weakness.
- The focus for AUDNZD remains to the upside while support at the 1.0990 area
remains intact, with bulls needing to overcome 1.1000 to target the recent
highs. 

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