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KIWI
KIWI: Renewed hopes for the containment of the spread & economic fallout from
the Covid-19 epidemic has bumped up NZD/USD in early trade. The pair has eased
off a tad & sits 4 pips above neutral levels, at $0.6442. 
- Domestically, the local services PMI released this morning showed that
expansion in the sector picked up in January. Elsewhere, ANZ published their
non-tradable inflation gauge, which rose 3.2% Y/Y.
- Friday saw the rate chart a Doji candlestick, as it fluctuated within a fairly
tight range.
- Bulls look for a jump above the 23.6% retracement of this year's bear mkt,
located at $0.6467. Should this level give way, the topside focus would turn to
the 100-DMA, intersecting at $0.6482. Conversely, a fall below Friday's trough
at $0.6423 would expose the Feb 11 low of $0.6378.
- NZ focus this week turns to the local Q4 PPI, due Thursday. It will be worth
watching Tuesday's GDT auction as well. 

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