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Paring Post-CPI Gains, NZD/USD Back Below $0.63

NZD

The kiwi has pared some of its post-CPI gains, NZD/USD is now back below $0.63. The pair last prints at $0.6290/95 and sits ~0.3% above its pre-CPI level. Bulls target yesterday's high $0.6344, a break through here opens high from 14 July ($0.6412). Bears on target the 20-Day EMA ($0.6234).

  • AUD/NZD was supported at $1.08 and has pared its post CPI losses in recent dealing to sit at $1.0820/30. The 200-Day EMA comes in at $1.0843.

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