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Risk off flows had limited impact on the NZD...>

KIWI
KIWI: Risk off flows had limited impact on the NZD during EU & NY trade Tuesday,
as NZD/USD failed to revisit its early $0.6535 low, with the recovery in U.S.
equities lending the kiwi a helping hand later in the day.
- Rate last deals at ~$0.6555. Initial support is located at Friday's low
($0.6524), with a break opening up the figure, and any move lower bringing the
YtD low ($0.6425) back into focus. Bulls look to reclaim the 50-DMA ($0.6589),
before targeting Friday's high ($0.6607).
- NZ trade data, due Thursday, provides the highlight of the local docket this
week.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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