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AUSSIE-KIWI: The cross continued to climb higher in European and US markets
rising to N$1.1080, a 16-month high, the kiwi was further undermined by the
latest opinion poll putting Labour ahead of the National party for the first
time since 2006. Up next, NZ Q2 terms of trade (2245GMT), expectations are for
an increase by 3.0%. Key resistance is now seen at N$1.1145/49, the level marks
weekly trend-line resistance drawn off N$1.1430, 76.4% fib retracement on
N$1.1430 to N$1.0238 decline. Downside, hourly support is located just above
N$1.1050. Aussie-kiwi was last at N$1.1075.