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RBNZ as universally expected remained on.......>

KIWI
KIWI: RBNZ as universally expected remained on hold and in their accompanying
statement said, ' A lower Kiwi would help to increase tradable inflation and
deliver more balanced growth, again largely expected. However, RBNZ did hint to
a possible growth risk going forward. Overall, investors remain in sell-rally
mode with local political uncertainty a major headwind. Post-RBNZ, the
flightless bird has fallen modestly from around $0.7222 to a low so far of
$0.7197. Resistance is being found near to the 100-dma, currently at $0.7241,
while hourly support is found at $0.7183. Kiwi was last at $0.7205

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