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Soft ANZ Business Confidence data was..........>

KIWI
KIWI: Soft ANZ Business Confidence data was countered by positive US-China
undertones after President Trump told Fox that he expects a good deal with
China. NZDUSD recovered off pullback lows of $0.6781 to $0.6828 and holds firm
at typing. The 100-dma ($0.6812) remains key, with a close above needed to
extended the uptrend toward the 38.2% fibo of $0.6939-0.6781 at $0.6841.
- NZDJPY recovered the 200-dma (Y75.07) to Y75.23, before meeting resistance
from a series of previous highs. Consolidation above opens a move toward the 50%
retracement level & 100-dma at Y75.62/66.
- EURNZD trades back under previously broken trendline resistance-turned-support
to NZ$1.6487. A downside break of the NZ$1.64 level opens a run at the
multi-month lows of NZ$1.6295.  

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